TripAdvisor exercises put option, signs deal to sell TheFork Europe to American Express for $700 million

• TripAdvisor exercised a put option to sell its European restaurant reservation platform, TheFork, to American Express for USD 700 million cash.
• The parties signed the equity purchase agreement on Aug. 2, following completion of the French works council consultation on July 30.
• Closing is expected by end-2026, subject to required regulatory approvals, including antitrust clearances in European jurisdictions.
• American Express will fund the purchase with cash on hand; the price is subject to certain adjustments.
• If the deal is terminated due to regulatory clearance failure, American Express would owe a USD 35 million reverse termination fee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TripAdvisor Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-330742), on August 03, 2026, and is solely responsible for the information contained therein.