Tripadvisor contributed to the Longleaf Partners Small-Cap Fund in the second quarter of 2026 after announcing the sale of its TheFork business to American Express. The price was well above depressed market expectations and closer to the fund's opinion of fair value. The deal will put Tripadvisor into a strong net cash position and open up additional strategic options. The fund believes Tripadvisor can grow its free cash flow per share more than the market expects as its growing Viator business overtakes its shrinking core Tripadvisor business. Tripadvisor shares gained 12.41% over the past month but lost 21.05% over the past 52 weeks, closing at $14.40 on July 13, 2026, with a market capitalization of $1.68 billion.
TripAdvisor IncTripadvisor sells TheFork to American Express at a price above market expectations, strengthening its cash position and strategic options.
American Express CompanyAmerican Express acquires TheFork from Tripadvisor, expanding its dining offerings.