Amex Looks to Spend $700 Million to Buy TheFork From Tripadvisor
AI Summary
American Express wants to acquire restaurant reservation management platform TheFork from Tripadvisor for $700 million. Announcing the proposed deal in a Monday (June 15) news release , American Express said it was designed to build on the company’s broader dining strategy following its acquisitions of Resy and Tock . Put together, the three platforms expand the Amex dining network to 75,000 venues, the company said, citing internal records.
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