TripAdvisor exercises put option, signs deal to sell TheFork Europe to American Express for $700 million - TRIP News | RalliesTripAdvisor exercises put option, signs deal to sell TheFork Europe to American Express for $700 million
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TRIP• TripAdvisor agrees to sell TheFork Europe to American Express
- TripAdvisor exercised a put option to sell its European restaurant reservation platform, TheFork, to American Express for USD 700 million cash.
- The parties signed the equity purchase agreement on Aug. 2, following completion of the French works council consultation on July 30.
- Closing is expected by end-2026, subject to required regulatory approvals, including antitrust clearances in European jurisdictions.
- American Express will fund the purchase with cash on hand; the price is subject to certain adjustments.
- If the deal is terminated due to regulatory clearance failure, American Express would owe a USD 35 million reverse termination fee.
