(Il Sole 24 Ore Radiocor) - Milano, 15 giu - The US company Tripadvisor said it has entered into an agreement to sell TheFork, its online restaurant reservation and management platform in Europe, to American Express for 700 million dollars in an all-cash transaction.

The agreement follows Tripadvisor's announcement in February that it would explore strategic alternatives for TheFork.

The last twelve-month revenue for TheFork was 232 million.

dollars and adjusted EBITDA reached 28 million.

(RADIOCOR) 15-06-26 13:40:36 (0349) 5 NNNN