Tripadvisor Inc

TRIP: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Tripadvisor: TheFork Sale Allows Further Focus on the Attractive Experience Business; Shares Cheap

On June 15, Tripadvisor announced a put option agreement to sell TheFork, its European online restaurant reservation and management platform, to American Express for $700 million in cash. The deal is expected to close at year-end. Shares are up roughly 5%.

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