# TripAdvisor, Inc. (TRIP) — capital_return/buyback_authorization [pending]
Source: SEC API (secapi.ai) · situation sit_41bae9126e46873e2e3f · retrieved 2026-08-12T06:57:42.524Z

## Overview
TripAdvisor, Inc. is a travel and experiences platform that connects people to experiences worth sharing through its portfolio of brands including Tripadvisor, Viator, and TheFork, an online restaurant reservation and management platform.

TripAdvisor exercised a put option on August 1, 2026, to sell TheFork, its European online restaurant and management platform, to American Express Travel Related Services Company, Inc. for $700.0 million in cash, subject to certain adjustments. The company entered into an Equity Purchase Agreement with American Express Travel on August 2, 2026. The transaction is expected to close by the end of 2026, subject to customary closing conditions including regulatory approvals. TheFork's financial results are now classified as discontinued operations.

## Terms
- Counterparty: American Express Travel Related Services Company, Inc. · Deal value: $700.0M · Consideration: cash

## Key dates
- Announced 2026-08-06 · Expected close 2026-12-31

## Timeline
- 2026-08-06 · 8-K (0001193125-26-336666): 8-K - TripAdvisor, Inc. — *TripAdvisor, Inc. is a travel and experiences platform that connects people to experiences worth sharing through its portfolio of brands including Tripadvisor, Viator, and TheFork, an online restaurant reservation and management platform.* TripAdvisor exercised a put option on August 1, 2026, to sell TheFork, its European online restaurant and management platform, to American Express Travel Related Services Company, Inc. for $700.0 million in cash, subject to certain adjustments. The company entered into an Equity Purchase Agreement with American Express Travel on August 2, 2026. The transaction is expected to close by the end of 2026, subject to customary closing conditions including regulatory approvals. TheFork's financial results are now classified as discontinued operations.
  https://www.sec.gov/Archives/edgar/data/1526520/0001193125-26-336666.txt

## Citations
- 0001193125-26-336666 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526336666