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Tripadvisor Enters into Agreement to Sell TheFork to American Express for $700 Million

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Transaction highlights the value of Tripadvisor’s portfolio and enables greater focus on experiences

NEEDHAM, Mass., June 15, 2026 /PRNewswire/ — Tripadvisor, Inc. (NASDAQ: TRIP) (the “Company”) today announced it has entered into a put option agreement to sell TheFork, its online restaurant reservation and management platform in Europe, to American Express for $700 million in an all-cash transaction.

The agreement follows Tripadvisor’s February 2026 announcement that it would explore strategic alternatives for TheFork. It recognizes the value created in the business over more than a decade, and allows Tripadvisor to focus even more fully on its Experiences strategy.

“This agreement reflects two things we believe deeply: the tangible value across Tripadvisor Group’s portfolio and our ongoing focus on the opportunity we see ahead in Experiences,” said  Matt Goldberg, CEO, Tripadvisor Group. “We’re proud of what we’ve built with TheFork and grateful for the team’s work to secure a leading position in European dining. I’m confident that we’ve found an ideal home for them and look forward to expanding our relationship with American Express in the future.”

The transaction is expected to provide Tripadvisor with significant flexibility to accelerate its capital return policy, maintain a well-capitalized balance sheet, and continue investing in its Experiences business to drive shareholder value. The companies also see opportunities to build on their existing relationship and deliver additional value to travelers over time.

“In addition to welcoming TheFork to the American Express family, we’re excited about the opportunity to deepen our relationship with Tripadvisor going forward,” said Stephen Squeri, Chairman and CEO, American Express. “By building on our shared strengths across dining, travel, and experiences, we have opportunities to create even greater value for customers and partners.”

The proposed transaction is expected to close before the end of 2026, subject to labor consultation and customary closing conditions, including regulatory approvals. The Company anticipates minimal tax cost from the sale of TheFork, with net proceeds expected to closely approximate the gross proceeds.  Potential uses of proceeds include share repurchases, debt paydown, or inorganic investment within the experiences category.

As of the first quarter of 2026, the Company’s last reported period, the last twelve-month revenue for TheFork was $232 million and adjusted EBITDA for TheFork segment for the same period was $28 million.

Advisors

Goldman Sachs served as financial advisor and Goodwin Procter LLP and Reed Smith LLP served as legal advisors to Tripadvisor and TheFork.

Note on Segment Adjusted EBITDA

We refer to segment adjusted EBITDA as a measure of segment profitability because it is the measure of profit or loss for our reportable segments provided to our Chief Operating Decision Maker (CODM) in accordance with U.S. GAAP for segment reporting. Segment adjusted EBITDA is a key performance measure used by our CODM and Board of Directors to evaluate our individual operating segments. We define adjusted EBITDA as net income (loss) plus: (1) (provision) benefit for income taxes; (2) other income (expense), net; (3) depreciation and amortization; (4) stock-based compensation; (5) goodwill, long-lived asset, and intangible asset impairments; (6) legal reserves, settlements and other (including indirect tax reserves related to audit settlements and the impact of one-time changes resulting from enacted indirect tax legislation); (7) restructuring and other related reorganization costs; (8) transaction related expenses (including non-operational costs related to significant shareholder activism, which includes third-party advisory, legal, and other professional fees); and (9) non-recurring expenses and income unusual in nature or infrequently occurring.

About Tripadvisor, Inc.

The Tripadvisor Group connects people to experiences worth sharing, and aims to be the world’s most trusted source for travel and experiences. We leverage our brands, technology, and capabilities to connect our global audience with partners through rich content, travel guidance, and two-sided marketplaces for experiences, restaurants, and other travel categories such as hotels. The subsidiaries of Tripadvisor, Inc. (Nasdaq: TRIP), include a portfolio of travel brands and businesses, including Tripadvisor, Viator, and TheFork.

Cautionary Note Regarding Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regarding the proposed sale of Tripadvisor’s TheFork business to American Express, the anticipated benefits, related agreements and timing of the transaction and potential uses of proceeds. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.

Key factors that could cause such differences include: whether or when the required employee works council consultation processes are completed; the ability of the parties to successfully execute a definitive purchase agreement following exercise of the put option; the satisfaction of closing conditions, including obtaining regulatory and antitrust approvals; difficulties or unexpected costs relating to segregating the integrated technology data and platform of TheFork from our retained operations and anticipated benefits for Tripadvisor as a result of the proposed transaction do not fully materialize; risks related to disruption of management time; the operational risk of running our core business without the integrated data platform of TheFork; and the potential for material adjustments to net working capital or unforeseen tax consequences related to the divestiture. Tripadvisor expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement to reflect any change in Tripadvisor’s expectations with regard thereto or any change in events, conditions or circumstances on which such statement is based. Please refer to the publicly filed documents of Tripadvisor, including its most recent Forms 10-K and 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports Tripadvisor subsequently filed with the SEC, for additional information about Tripadvisor and about the risks and uncertainties related to Tripadvisor’s business which may affect the statements in this release.

TRIP-G

 

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Dutchie Launches Consumer AI featuring Voice AI, Agentic Commerce, Register Co-Pilot, and Consumer Pulse

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Voice AI on the phone, a Register Co-Pilot in-store, Agentic Commerce online, and Consumer Pulse across surveys & reviews, all built with the latest agentic AI tech into the core Dutchie platform.

BOSTON, June 15, 2026 /PRNewswire/ — Dutchie, the leading cannabis technology platform powering more than 6,500 dispensaries across North America with more than $100B in transactions processed, today announced Dutchie Consumer AI. Consumer AI is a new suite of four AI products extending Dutchie POS and E-commerce, designed to help cannabis retailers automate the routine, maximize basket size, own their reputation, and convert every touchpoint.

“Cannabis is reaching the same technology inflection point we’ve seen transform every major industry,” said Tim Barash, CEO of Dutchie. “Retailers are under growing pressure to improve profitability, run leaner businesses, and deliver more personalized consumer experiences, all while navigating one of the most complex regulatory environments. They need to be on the bleeding edge on this intense technology shift as consumers experience these tools in their daily lives. Our new Consumer AI suite is designed to remove operational burden, convert more interactions into revenue, and help teams make smarter decisions at scale.”

Dutchie Consumer AI is built directly into the workflows dispensaries already use every day, from inbound calls and e-commerce to checkout and reputation management. Every interaction runs on one customer identity, so the same customer can be supported across phone, online, in-store, and reviews, helping businesses capture more revenue, reduce operational friction, and better manage their brand presence.

The launch includes four integrated products:

Voice AI: Never miss a call or an order. An AI-powered phone receptionist that answers every call, helps customers place orders, confirm pickups, and check hours, directions, live inventory, and daily deals, or hands the call off to staff the moment a person is needed.
 Agentic Commerce: An agentic concierge for every online customer. It acts, it doesn’t just suggest. An AI shopping agent embedded into e-commerce and kiosk experiences that understands intent, builds the cart, and takes customers to checkout. It rebuilds a returning customer’s regular order in one tap from real order history, swaps out-of-stock items for the closest match, and helps new shoppers discover products through natural-language questions like “What’s your best indica for sleep under $40?”. Not a chat window in the bottom right of your screen – a true integrated experience that keeps the fun of shopping for cannabis products but helps you discover more, faster.
 Register Co-Pilot: Every budtender performs like your best one. Built directly into the Dutchie register, Co-Pilot gives every budtender real-time context, including purchase history, smart pairings, upsell recommendations, fast payments, and loyalty prompts, to help budtenders improve consistency, efficiency, and basket size at checkout.
 Consumer Pulse: Hear every customer, in surveys and reviews. A centralized dashboard that unifies first-party customer surveys from digital orders, receipts, and more with public reviews from across the web, surfacing AI-powered sentiment trends, top themes, and actionable alerts that help operators spot issues before they move their star rating, identify product trends, and respond faster to consumer feedback.

Dutchie Consumer AI comes at a pivotal moment for the cannabis industry, as federal rescheduling efforts and broader regulatory momentum begin reshaping how businesses think about long-term growth and operational strategy. As cannabis retail enters a more normalized and increasingly competitive phase, retailers are looking for integrated technology that can simplify day-to-day operations, improve retention, and support stronger margins.

“The future of cannabis retail isn’t about layering on more disconnected tools. It’s about building smarter functionality into the systems businesses already rely on,” said Chris Ostrowski, CTO of Dutchie. “We’re embedding AI into the places where retailers and consumers already engage, helping teams reduce manual work, uncover faster insights, and create more tailored shopping experiences in an increasingly competitive market.”

To learn more about Dutchie Consumer AI, visit dutchie.com/business/consumer-ai.

About Dutchie
Dutchie is the cannabis technology software platform enabling cannabis commerce, streamlining dispensary operations, and providing safe and easy access for consumers. Powering over 6,500 cannabis businesses throughout the U.S. and Canada, and facilitating over $100 billion in transactions, Dutchie is a complete cannabis operating system, providing solutions for point of sale, e-commerce, loyalty and marketing, seamless payments, and more. For additional information, please visit Dutchie.com

Media Contact
Martha N. Marshall
Trailblaze for Dutchie
dutchie@trailblaze.co

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Edible Arrangements® Unveils All-New Mobile App and Reimagined Edible Rewards™ Program

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The new mobile platform and updated loyalty program bring personalized gifting, exclusive perks and seamless repeat ordering together in one place

ATLANTA, June 15, 2026 /PRNewswire/ — Edible Arrangements® (Edible), the innovative e-commerce retail hub and modern gifting destination under the Edible Brands® portfolio, today announced the launch of its redesigned mobile app and reimagined Edible Rewards™ program, introducing a more personalized, seamless and rewarding way for customers to celebrate every occasion.

Available on iOS and Android, the all-new Edible app was redesigned to make gifting easier and more intuitive from discovery to checkout. Featuring personalized tools like gift reminders, tailored recommendations, saved addresses and quick reorder functionality, the experience helps customers celebrate every meaningful moment while simplifying the gifting process from start to finish.

Alongside the app update, Edible is launching a new rewards program featuring four membership tiers that give customers access to more benefits the more they shop. Existing members’ points and rewards will automatically transfer into the new program experience. Customers can earn points on every order and redeem points for discounts, free treats and app-exclusive perks. The rewards program also includes welcome offers, birthday perks and personalized savings designed to make every gifting occasion more rewarding.

“People want gifting to feel easy, thoughtful and personalized – especially in a world where everyone is juggling so much,” said Somia Farid Silber, chief executive officer of Edible Brands. “With the new app and Edible Rewards program, we wanted to create an experience that helps customers remember important moments, discover the right gift faster and feel rewarded every time they come back to us. It’s all part of continuing to evolve the brand in ways that better fit how people celebrate today.”

Customers can download the Edible app and enroll in Edible Rewards to begin earning points, receive a welcome reward and unlock exclusive app-only offers and perks. To browse Edible’s full collection of gifting options and learn more about Edible Rewards, visit edible.com.

About Edible Brands®
Atlanta-based Edible Brands® acquires, develops and manages a world-class portfolio of consumer brands renowned in the hospitality and foodservice sectors. Edible Brands has skillfully integrated an innovative e-commerce platform with a robust network of locally owned stores worldwide to meet consumers where they are. Edible Brands’ growing portfolio includes Edible Arrangements®, edibles.com®, and Rōti® Modern Mediterranean. For more information, visit ediblebrands.com.

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Atom Computing and Phasecraft Announce Strategic Collaboration to Accelerate Development of Next-Generation Materials

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BOULDER, Colo. and LONDON, June 15, 2026 /PRNewswire/ — Atom Computing and quantum algorithms company Phasecraft today announced the signing of a Memorandum of Understanding (MOU) to explore how application-focused algorithms can be used to benchmark progress toward utility-scale quantum computers.

Through this MOU, the companies will collaborate on accelerating the delivery and adoption of quantum solutions in key application areas, such as the development of materials for batteries and photovoltaics. Through adapting Phasecraft’s advanced algorithms and software to Atom Computing’s neutral-atom quantum computing hardware, the collaboration aims to accelerate the path towards useful applications in materials science and energy.

Atom Computing continues to lead the quantum computing industry through its pioneering work in neutral-atom quantum technology. The company recently demonstrated a breakthrough in quantum error correction using toric code and announced a $100 million Letter of Intent with the U.S. Department of Commerce. Atom Computing is also deploying the world’s first commercial quantum computer with logical qubits and performing in Stage B of DARPA’s Quantum Benchmarking Initiative (QBI), where it is demonstrating its pathway to utility-scale quantum computing.

Phasecraft is the leading UK and US-based quantum algorithms company, developing advanced quantum algorithms to solve real-world problems in materials discovery, chemistry, and optimization. Its focus is on making quantum computing practical today by designing software that works with existing imperfect hardware, bridging the gap between current technology and future large-scale quantum systems.

“Unlocking the true commercial potential of quantum computing requires a tight synergy between breakthrough hardware and hardware-optimized software,” said Dr. Ben Bloom, CEO and Founder of Atom Computing. “By fine-tuning Phasecraft’s industry-leading algorithmic methods to our neutral-atom architecture, we can pave the way for a new generation of commercial applications in materials science and sustainable technology.”

“We are excited to collaborate with Atom Computing to advance quantum applications in material science,” said Prof. Ashley Montanaro, CEO and Co-Founder of Phasecraft. “Real-world quantum utility will come from combining advances in hardware with equally powerful advances in algorithms. By bringing together Atom’s scalable quantum computing platform and our hardware-adaptive algorithms, we can accelerate progress towards applications in energy storage, solar technology, and advanced materials.”

By aligning cutting-edge neutral-atom quantum computers with purpose-built quantum software, this collaboration represents a decisive step toward realizing quantum advantage in critical industries and accelerating innovation across the global energy and materials landscape.

About Atom Computing

Atom Computing is developing large-scale quantum computers to enable companies and researchers to achieve unprecedented computational breakthroughs. Utilizing highly scalable arrays of optically trapped neutral atoms, the company has developed systems with over 1,200 qubits, featuring advanced capabilities towards fault-tolerant quantum computing. Atom Computing’s on-premises systems provide customers with new computational tools and logical qubit capabilities to address increasingly complex applications and to grow their quantum ecosystem. In 2025 Atom Computing sold its first commercial on-premises quantum computer to QuNorth, a Nordic quantum initiative funded by EIFO and Novo Nordisk Foundation. Learn more at atom-computing.com and follow us on LinkedIn.

About Phasecraft

Phasecraft is the quantum algorithms company whose mission is to accelerate the practical application of quantum computing by redesigning quantum algorithms for the imperfect quantum computers of today. Phasecraft was founded in 2019 by Toby Cubitt, Ashley Montanaro, and John Morton, expert quantum scientists who have spent decades leading top research teams at UCL and the University of Bristol. Phasecraft works in partnership with leading quantum hardware companies, including Google, IBM, Quantinuum, and QuEra, academic and industry leaders, to develop high-efficiency algorithms to move quantum computing from experimental demonstrations to useful applications. Learn more: www.phasecraft.io.

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