Amex announces proposed acquisition of TheFork
The $700 million deal from Tripadvisor adds 50,000 European restaurants to its dining network.
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Financial services and payment card company
americanexpress.comLast updated
In short: Amex expanded its European dining presence by acquiring TheFork for $700 million and reached an agreement to sell its stake in Amex GBT for $6.3 billion.
The $700 million deal from Tripadvisor adds 50,000 European restaurants to its dining network.
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American Express Co. agreed to buy Tripadvisor Inc.’s reservation-management platform TheFork for $700 million in cash, bolstering its operations in Europe.
American Express posted record Q2 revenue of $17.9 billion with billed business up 7% YoY, as its affluent consumer base drives accelerating growth.
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the credit card stocks, including American Express (NYSE:AXP) and its peers.
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