Tripadvisor has agreed to sell its European restaurant reservations platform, TheFork, to American Express for $700 million in cash. The deal simplifies Tripadvisor's structure and is expected to close before the end of fiscal 2026. Jefferies raised its price target on Tripadvisor to $11 from $8.50 due to the higher-than-expected valuation of TheFork, but maintained an 'Underperform' rating citing ongoing challenges in Tripadvisor's core Hotels business. The sale proceeds may be used for share buybacks, debt reduction, or acquisitions in the Experiences segment, while Jefferies forecasts a decline in overall EBITDA through 2028 due to weakening hotel profits.
Tripadvisor's stock has fallen 33% due to inflation, rising costs, and competition but is stabilizing with support from its planned $700 million sale of TheFork to American Express. The company’s Viator and TheFork segments continue to grow, leveragi...
Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign featuring a series of vibrant summer events including the 50th Sun Life Hong Kong International Dragon Boat Festival, Pixar Summer Fest, and a major football event with top Euro...
TripAdvisor has agreed to sell its European restaurant reservation platform, TheFork, to American Express for $700 million in cash. TheFork generated $232 million in revenue and $28 million in adjusted EBITDA in the past year. This sale supports Trip...
Fox is acquiring Roku for $160 per share in a $22 billion cash and stock deal, combining Fox's content and Tubi service with Roku's 100 million global streaming households. Fox shareholders will own 73% of the combined company, while Roku shareholder...
Tripadvisor has agreed to sell its European restaurant reservation platform, TheFork, to American Express for $700 million in cash. This move allows Tripadvisor to concentrate on its core Experiences business while leveraging the value built in TheFo...
