◆ NeutralTRIPAXPAWAY
TripAdvisor Shares Rise After $700M TheFork Divestiture Deal
Benzinga·
TripAdvisor announced the sale of TheFork, its European restaurant reservation platform, to American Express for $700 million in an all-cash deal. The transaction is expected to close by end of 2026 and will provide TripAdvisor with flexibility for capital returns through share buybacks, debt reduction, or reinvestment in experiences. TRIP shares rose 4.35% on the news, though the stock carries a Hold rating with an average price target of $14.22.
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