NEW YORK CITY (dpa-AFX) - American Express Co. (AXP), on Friday announced a
deal to acquire Tock, a reservation, table, and event management technology
provider, from Squarespace Inc. (SQSP), a website developer and hosting company,
for $400 million in cash.

American Express also agreed to buy Rooam, a payment platform for an
undisclosed sum.

'The acquisitions build on American Express' previous investments in dining,
travel, and entertainment, expanding the company's suite of digital tools for
restaurants and merchants to better serve their customers, the number of
restaurants offered through American Express channels, and the ways Card Members
access experiences,' the company said.

Tock, launched in 2014, was acquired by Squarespace in 2021, provides
reservation, table management and event ticketing tools to around 7,000
restaurants, wineries, and other bookable venues.

Rooam, founded in 2015, is a technology partner for customers ranging from
restaurants and bars to stadiums and arenas.

As part of the deal, Squarespace and American Express will also partner to
deliver additional value for small businesses that use American Express Cards
through the Amex Offers program and Card Member benefits.



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