American Express to buy restaurant booking platform Tock for $400 mln (updated)

Squarespace

21/06/2024 14:11

(Adds background in paragraphs 2-3)
       June 21 (Reuters) - Credit card giant American Express
 AXP.N  said on Friday it would buy Squarespace-owned  SQSP.N 
restaurant booking platform Tock for $400 million in cash.
    The deal underscores AmEx's push to build its prowess in the
travel and entertainment market, which is one of the biggest
spending categories on its cards.
    Tock offers reservation, waitlist and table management
services to nearly 7,000 hospitality businesses. 

 (Reporting by Niket Nishant in Bengaluru; Editing by Shailesh
Kuber)
 ((Niket.Nishant@thomsonreuters.com;))