Amex Scoops Up TheFork in $700 Million Restaurant Booking Deal

American Express is expanding its presence in Europe's dining scene through a proposed acquisition of TheFork, a leading online restaurant reservation platform.

The deal, worth $700 million in cash, would bring American Express' total number of bookable venues to 75,000 across Europe and the US.

TheFork connects millions of diners with over 50,000 restaurants in 11 European countries through its restaurant management, booking, and customer engagement platform.