TripAdvisor, Inc. Enters into Put Option Agreement for TheFork Business

TripAdvisor, Inc. has entered into a put option agreement with American Express Travel Related Services Company, Inc. for the sale of its European online restaurant reservation and management platform, TheFork. The agreement, dated June 14, 2026, commits the buyer to acquire TheFork for $700 million in an all-cash transaction, subject to adjustments and customary closing conditions. The execution of the definitive Equity Purchase Agreement is contingent upon consultation with the French Works Council. The transaction is expected to close by the end of 2026. TripAdvisor has granted exclusivity to American Express until the earlier of the Equity Purchase Agreement execution or twelve months from the Put Option Agreement date. The company also announced the agreement via press release on June 15, 2026.