Tripadvisor Inc
TRIP: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| B&% | LOCK|l^ | LOCK|?@H?Q<N |
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%.
