American Express buys dining reservation company Tock from Squarespace for $400M

  • 📰 FCN2go
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A federal court ruled the ban unconstitutional.

AmEx began making acquisitions in the dining and event space with its purchase of Resy five years ago, giving cardmembers access to hard-to-get restaurants.NEW YORK — American Express will acquire the dining reservation and event management platform Tock from Squarespace for $400 million in cash.

AmEx began making acquisitions in the dining and event space with its purchase of Resy five years ago, giving cardmembers access to hard-to-get restaurants and locations. Other credit card issues have done the same. JPMorgan acquired The Infatuation as a lifestyle brand in 2021. Tock, which launched in Chicago in 2014 and has been owned by Squarespace since 2021, provides reservation and table management services to roughly 7,000 restaurants and other venues. Restaurants signed up with Tock include Aquavit, the high end Nordic restaurant in New York, as well as the buzzy new restaurant Chez Noir in California.

AmEx also announced Friday it would buy Rooam, a contactless payment platform that is used heavily in stadiums and other entertainment venues. AmEx did not disclose how much it was paying for Rooam.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 523. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

American Express buys dining reservation company Tock from Squarespace for $400MA federal court ruled the ban unconstitutional.
Source: 9NEWS - 🏆 238. / 63 Read more »

American Express Banned by Another Huge CompanyWhy eBay is dropping Amex from August—and where the card can still be used
Source: Newsweek - 🏆 468. / 52 Read more »