TripAdvisor agrees to sell TheFork to American Express for $700M cash, pending labor review

Filed June 15, 2026 · Period ending June 14, 2026 · ~1 min read

Key Changes

• high

  TripAdvisor entered a put option agreement giving it the right to force American Express to buy TheFork, its European restaurant reservation platform, for $700 million in cash. The deal is expected to close by year-end 2026.

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• high

  The transaction cannot proceed until TripAdvisor completes mandatory consultation with French labor councils at its LaFourchette subsidiary. The put option expires either 10 business days after consultation ends or in six months, whichever comes first.

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• medium

  TripAdvisor granted American Express 12-month exclusivity, preventing negotiations with other buyers. After signing the definitive agreement, the deal still requires regulatory approvals in Europe.

  Item 1.01 verify on EDGAR →