French online restaurant-reservation service LaFourchette (or TheFork) has been acquired by TripAdvisor for a reported $140 million. Previous investments in the French service include 3.3 million Euro from Otium Capital in January 2011 and $10.5 million from Partech Ventures and Serena Capital. The website has been majority-owned by Otium Capital since 2009.
The company, which claims a network of 12,000 restaurant partners across Europe, is the leading reservation service in France, Switzerland, and Spain. Although the brand will be ended, the LaFourchette’s employees will continue to work from the company’s offices in Paris and Barcelona.
TripAdvisor was acquired by InterActiveCorp in 2004 and spun off under the Expedia brand a year later. In 2011, the company was separated from Expedia as an individual brand and went public on the NASDAQ exchange.