Tripadvisor is parting ways with its European dining reservation platform, TheFork, nearly a year into an activist campaign launched by Starboard Value.
Tripadvisor agreed to a $700 million all-cash transaction with American Express, according to a Monday news release. Potential uses of the proceeds include share repurchases, debt paydown, or investments in the experiences category.
Tripadvisor — which owns Viator, an online travel agency for tours and activities — says it can now focus “even more fully” on the experiences segment. Tripadvisor CEO Matt Goldberg previously called Viator the “strategic and financial center” of the company in a 2025 interview with the Skift Travel Podcast.
“This agreement reflects two things we believe deeply: the tangible value across Tripadvisor Group’s portfolio and our ongoing focus on the opportunity we see ahead in Experiences,” Goldberg said in a statement Monday.
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