American Express acquires TheFork for $700m to build out its dining empire (opens in new tab)

American Express acquires TheFork, the European restaurant-reservation platform, from Tripadvisor for $700m in cash. The payments company announced the proposed deal on Monday, adding a booking network of more than 50,000 restaurants across 11 European countries to a dining business it has been quietly assembling for years. The structure is an all-cash put-option agreement, a […] at The Next Web