Tripadvisor sells TheFork to American Express for $700 million in cash

Corporate Action
โดย Simply Wall St·Read original
Summary · why it matters

Tripadvisor has agreed to sell its restaurant reservation platform TheFork to American Express for US$700,000,000 in cash. The deal, announced in June 2026, is part of Tripadvisor's strategy to simplify its portfolio and focus on its travel experiences marketplace anchored by Viator. The sale comes as an activist-influenced board, following a cooperation agreement with Starboard Value and a board expansion in March 2026, explores options to enhance shareholder value. Tripadvisor's stock rose 5.9% on the news.

Impact on stocks 2

Communication Services▲ · 1 stocks
TripAdvisor Inc
TRIP
▲ PositiveCapitalrelevance

Tripadvisor sells TheFork for $700M, simplifying portfolio and boosting shareholder value; stock rose 5.9%.

Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 3

Starboard Value LPPrivate± Mixed
relevance

Starboard Value is mentioned as activist investor influencing board, but no direct impact from the sale.

TheForkPrivate± Mixed
relevance

ViatorPrivate± Mixed
relevance

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