American Express (AmEx) is acquiring Tock, a restaurant booking platform owned by Squarespace, for $400 million in cash. The carveout acquisition aims to bolster AmEx’s presence in the dining industry, complementing its 2019 acquisition of Resy. The deal is expected to add 7,000 restaurants to AmEx’s portfolio and enhance its offerings for premium customers, aligning with its strategy to attract affluent consumers through enhanced perks and engagement opportunities.
AmEx to Acquire Restaurant Booking Platform Tock For $400 Million
