- Tripadvisor has entered a put option agreement for the sale.
- TheFork operates as an online restaurant reservation platform in Europe.
- Matt Goldberg serves as CEO of Tripadvisor Group.
- Stephen Squeri leads American Express.
- Net proceeds approximate gross proceeds with minimal tax cost.
Tripadvisor has entered a put option agreement to sell its European restaurant reservation platform TheFork to American Express for 700 million dollars. The all-cash deal allows Tripadvisor to concentrate on its Experiences strategy following a strategic review announced in February 2026. TheFork reported 232 million dollars in revenue and 28 million dollars adjusted EBITDA over the last twelve months.
The transaction is expected to close before the end of 2026 subject to regulatory approvals and consultations. Both companies plan to develop further collaboration in dining and travel experiences.
Tripadvisor entered into an agreement to sell TheFork to American Express for $700 m. The all-cash transaction allows focus on the Experiences business. The deal follows exploration of strategic alternatives announced in February 2026.
TheFork generated $232 m in revenue and $28 m adjusted EBITDA in the last twelve months to Q1 2026. The sale provides flexibility for capital returns and investments. Closing is expected before the end of 2026 subject to approvals.
Both companies plan to build on existing partnerships in dining and travel.
Matt Goldberg shared “This agreement reflects two things we believe deeply: the tangible value across Tripadvisor Group’s portfolio and our ongoing focus on the opportunity we see ahead in Experiences.”
