TripAdvisor, Inc. 8K

Tripadvisor agreed to sell its TheFork (LF Holdings (France) SAS) restaurant reservation and payments business to American Express for $700 million in cash, subject to customary adjustments, under an Equity Purchase Agreement dated August 2, 2026.

Tripadvisor, Inc., through its subsidiary Tripadvisor UK Holdco Limited, entered into an Equity Purchase Agreement dated August 2, 2026 with American Express Travel Related Services Company, Inc. under which American Express will purchase all of the equity interests (the Shares) of LF Holdings (France) SAS (the Company), which operates TheFork restaurant reservation, payment processing, and guest/table management platform businesses, for a base cash purchase price of $700 million subject to customary post-closing adjustments for net working capital, indebtedness, cash, and transaction expenses; the agreement follows a previously granted put option exercised by the seller on August 1, 2026, and includes detailed covenants, closing conditions, termination provisions (including a termination fee), a transition services agreement, content licensing amendments, non-compete and non-solicitation covenants, and various regulatory, tax, and employee-related arrangements to facilitate the separation of the TheFork business from Tripadvisor and its integration into American Express’s travel and payments ecosystem.

Filing Facts

CIK

1526520

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-330742

Alert Tier

8