Tripadvisor has finalized the disposition of TheFork, its European online restaurant reservation and management platform, to American Express Travel Related Services Company, Inc. The sale, which was completed on November 1, 2026, is part of a strategic divestiture for the company.
Key Details
- Transaction Value: The business was sold for $700 million in an all-cash transaction, subject to certain adjustments.
- Effective Date: The sale was officially consummated on November 1, 2026, pursuant to an Equity Purchase Agreement signed on August 2, 2026.
- Transition Services: Tripadvisor has entered into a 12-month Transition Services Agreement to provide certain services to American Express and ensure a smooth handover of the business.
- Next Steps: The company expects to provide further details on the transaction during its third-quarter 2026 earnings call, scheduled for November 5, 2026.