Overview
- The companies announced Monday that American Express has agreed to acquire TheFork from Tripadvisor in an all-cash deal valued at $700 million, structured as a put-option agreement.
- The transaction is expected to close before the end of 2026 but remains subject to labor consultations, regulatory and antitrust approvals, and customary closing conditions.
- TheFork serves more than 50,000 restaurant partners across 11 European countries and reported $232 million of revenue and $28 million of adjusted EBITDA over the last twelve months as of Q1 2026.
- American Express said the purchase will combine TheFork with its prior dining platform buys, Resy and Tock, to create roughly 75,000 bookable venues and expand services for cardholders and restaurants.
- Tripadvisor plans to use the proceeds to boost its focus on Experiences and strengthen capital allocation while TheFork would continue under its existing leadership; Goldman Sachs and law firms Goodwin Procter and Reed Smith advised Tripadvisor on the deal.