American Express’ restaurant tech acquisitions are bearing fruit

Credit card giant American Express has made inroads into the restaurant industry over the past several years, acquiring the reservation platforms Resy and Tock as well as middleware provider Rooam. The idea was not only to offer Amex cardholders more perks via the Resy and Tock restaurant networks, but also to help restaurants themselves—many of them …

American Express is acquiring Tock from Squarespace for $400M

American Express is acquiring reservations provider Tock for $400 million as the credit card company looks to deepen its ties to the restaurant industry. Tock is currently owned by website builder Squarespace, which acquired the company for $400 million in 2021. The deal will give Amex another tool to offer restaurants while also expanding the number of …