Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessAmerican Express to buy second restaurant platform for $400 million, CWEB analyzes...

American Express to buy second restaurant platform for $400 million, CWEB analyzes acquisition

Add to Favorite
Added to Favorite
Credit Tock

American Express (AXP) announced on Friday that it is buying booking platform Tock for $400 million. The credit card company is set to acquire the restaurant booking platform from Squarespace in an all-cash deal. This will be the financial behemoth’s second acquisition. In 2019, AmEx acquired the online reservation platform Resy. CWEB analyzes that the credit card giant is strengthening its financial hold on the restaurant business as many premium customers spend enormous sums of money on dining.

After acquiring Resy in 2019, the credit card giant used the online reservation platform to give its valued customer’s restaurant access, early notifications of certain services, and premium deals on booking such services through the platform. CWEB believes that American Express’s acquisition of Tock is to expand its offerings to its premium customers.

Tock has access to about 7,000 restaurants, wineries, and hospitality services. American Express will build on its services to premium customers by giving them access to deals and services from Resy and Tock.

These platforms give their web fans access to Michelin-rated restaurants, limited unique food experiences, and regular dining services.

American Express is also acquiring Rooam, a contactless payments platform many restaurants, bars, event venues, and other businesses use.

@aryawasbored

Amex buys Tock for $400M for “hard to get dinner reservations” — the reservation markets are hot #startup #venturecapital

? original sound – Arya

American Express cardholders spend billions on dining out, food and wine experiences, and more. Both Tock and Resy offer reservations at top restaurants worldwide. The combined offerings of both platforms are expected to provide access to about 20,000 popular restaurants worldwide.

OrganicGreek.com

By acquiring Rock in addition to Resy, American Express expects its high-net-worth cardholders to use their services and swipe their cards or use their contactless payments platform more often, which is expected to help the credit card company register higher growth and revenues.

XMicro.com

Celebrity WEB Update— Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins, and Herbs. Become a  WebFans  Creator and Influencer. Check the New Special XMicro Razors for Men & Women, 1 Razor, 7 Blade Refills with German Stainless Steel, Lubricated with Vitamin E for Smooth Shave, Shields Against Irritation, Version X Men|Women

Subscribe to get Latest News Updates

Latest News

You may like more
more