Tripadvisor completes 700 million dollar sale of TheFork to American Express

Tripadvisor has completed the sale of TheFork, its European restaurant reservation and management platform, to American Express for 700 million dollars in cash, the company said in a securities filing on Monday.

Why it matters: The closing removes Tripadvisor's largest non-core business and hands American Express a European dining reservations network it can fold into its cardholder benefits, while Tripadvisor sharpens its focus on its travel and experiences businesses.

Data as of Tripadvisor Form 8-K filed November 2, 2026, accession 0001193125-26-442627, read in full in this run. The sale closed November 1, 2026 under the equity purchase agreement of August 2, 2026; pro forma financial information is to follow by amendment no later than November 5, 2026. Developing item.

Tripadvisor said on Monday that it closed the sale of TheFork on November 1, selling the legal entities behind its European online restaurant reservation and management platform to American Express Travel Related Services Company for 700 million dollars in cash, subject to certain adjustments, under the purchase agreement the two sides signed on August 2, 2026. Tripadvisor will provide transition services to American Express for 12 months, and the company said the sale counts as a significant disposition, with pro forma financial statements to be filed by amendment by November 5.

Tripadvisor said it expects to discuss the transaction on its third quarter earnings call on November 5, 2026.

Tripadvisor completes 700 million dollar sale of TheFork to American Express

Sources