Reported about 1 year ago
American Express has agreed to buy Tock for $400 million from Squarespace Inc., adding a service that assists customers in booking reservations at exclusive venues. Tock, known for its high-end restaurant offerings, provides reservations, table management, and event ticketing for about 7,000 restaurants and entertainment outlets. This acquisition, coupled with Amex's recent purchase of mobile-payments company Rooam, aims to enhance the dining experience for customers and attract more premium diners, aligning with the company's strategy to cater to diverse customer demographics.
Source: YAHOO