American Express to Acquire TheFork from Tripadvisor for $700 Million

M&A · Partnership
โดย Reuters·Read original
Summary · why it matters

American Express has agreed to acquire restaurant reservation platform TheFork from Tripadvisor in an all-cash deal valued at $700 million. The acquisition will expand American Express' dining network to approximately 75,000 bookable restaurants and strengthen its international operations, a fast-growing segment. TheFork will continue under its current leadership, with the transaction expected to close before the end of 2026. The sale follows pressure from activist investor Starboard Value, which urged Tripadvisor last October to divest the platform.

Impact on stocks 4

Consumer Discretionary▲ · 2 stocks
Digital Finance & Tokenization▲ · 1 stocks
American Express Company
AXP
▲ PositiveCapitalrelevance

American Express acquires TheFork for $700M, expanding dining network and international operations.

Communication Services▲ · 1 stocks
TripAdvisor Inc
TRIP
▲ PositiveCapitalrelevance

Tripadvisor sells TheFork for $700M, following activist pressure to divest.

Off-coverage companies 2

Starboard Value LPPrivate± Mixed
relevance

TheForkPrivate± Mixed
relevance

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