Tripadvisor received $700 million in cash, but gave up its European restaurant platform. Possible liabilities, separation expenses, and risks from operating without TheFork leave its outlook balanced.
The sale gives Tripadvisor cash, but it also removes its European restaurant booking and management platform. The filing gives no figures for the platform's past contribution or the cash's planned use. It also lists possible liabilities or tax consequences, separation expenses, and risks from operating without TheFork. Those facts leave the company's outlook balanced.
American Express Travel Related Services acquired TheFork for $700 million and will receive transition help for 12 months. The filing gives no expected effect on its sales or profits, so its outlook is unchanged.
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