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 TheFork over more than a decade. The transaction is expected to close by the end of 2026, subject to regulatory approvals, and will provide Tripadvisor with funds to invest in growth, reduce debt, or buy back shares. TheFork generated $232 million in revenue and $28 million in adjusted EBITDA in the last twelve months ending Q1 2026.
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...
Starboard Value, led by Jeff Smith, fully exited its positions in Salesforce and Autodesk in Q1 2026, shifting focus to Lamb Weston and CarMax. The hedge fund's activism helped Salesforce improve margins and execute a $25 billion share buyback before...
