SQSP - American Express Levels Up Restaurant Game: Tock and Rooam Acquisitions Boost Network | Benzinga
American Express Company (NYSE:AXP) has agreed to purchase Tock, a technology company known for reservation, table, and event management solutions, from Squarespace, Inc. (NYSE:SQSP) for $400 million.
Tock, launched in Chicago in 2014 and acquired by Squarespace in 2021, provides reservation, table management and event ticketing tools to approximately 7,000 restaurants, wineries, and other bookable venues.
As part of the agreement, American Express and Squarespace will collaborate to enhance value for small businesses using American Express Cards, which includes leveraging the Amex Offers program (digital card-linked offers) and providing Card Member benefits.
The transaction is contingent upon standard closing conditions, which include regulatory ...