Tripadvisor says it has entered into an agreement, including a put option, to sell its restaurant reservations business TheFork to American Express for $700 million. The announcement from PR Newswire frames the deal as one that reflects the value of Tripadvisor’s portfolio and allows the company to place more focus on its experiences segment. Skift reports that the transaction is expected to provide cash to support Tripadvisor’s strategy around experiences, particularly through its Viator business.
Based on the available reports, the companies are aligned on a purchase price of $700 million, and Tripadvisor indicates the structure involves a put option agreement rather than an immediately closed sale. The disclosed rationale across sources is consistent: the sale is intended to generate funding and enable greater strategic focus, rather than being presented as a change tied to operational issues at TheFork. Additional details such as timing, closing conditions, and potential regulatory approvals are not included in the excerpts provided.
