Tripadvisor enters agreement to sell TheFork to American Express for $700 million

TripAdvisor, Inc.

All-cash sale of European restaurant platform TheFork for $700M; buyer is American Express.
Transaction expected to close by end of 2026, subject to French works council consultation and regulatory approvals.
TheFork's LTM revenue $232M and segment adjusted EBITDA $28M as of Q1 2026.
Proceeds expected to fund share repurchases, debt paydown, or inorganic investment in experiences.
Tripadvisor CEO Matt Goldberg says deal enables greater focus on Experiences strategy.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TripAdvisor, Inc. entered into Put Option Agreement with American Express Travel Related Services Company, Inc. valued at $700 million (effective 2026-06-14).

Action: entry
Agreement: equity purchase
Counterparty: American Express Travel Related Services Company, Inc.
Value: $700 million
Effective: 2026-06-14

Exact text from the filing

On June 14, 2026, TripAdvisor, Inc., a Nevada corporation (the “ Company ”), entered into a put option agreement (the “ Put Option Agreement ”) with American Express Travel Related Services Company, Inc., a New York corporation (“ Buyer ”).

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Source: SEC EDGAR

accession 0001193125-26-270351

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