Tripadvisor stock jumps on $700M TheFork sale to Amex

Tripadvisor stock experienced a jump following the sale of TheFork to American Express for $700M. Simultaneously, American Express stock rose as a result of this $700M acquisition of TheFork. Both companies saw positive market reactions to the transaction, with the financial terms of the deal centered on the $700M transfer of the platform. The stock movements for both entities directly correlate with the announcement of this specific corporate acquisition and divestiture process.