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AmEx buys dining reservation company Tock from Squarespace for $400M

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AmEx buys dining reservation company Tock from Squarespace for $400M
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AmEx buys dining reservation company Tock from Squarespace for $400M

2024-06-21 22:29 Last Updated At:22:30

NEW YORK (AP) — American Express will acquire the dining reservation and event management platform Tock from Squarespace for $400 million cash.

AmEx began making acquisitions in the dining and event space with its purchase of Resy five years ago, giving cardmembers access to hard-to-get restaurants and locations. Other credit card issues have done the same. JPMorgan acquired The Infatuation as a lifestyle brand in 2021.

Tock, which launched in Chicago in 2014 and has been owned by Squarespace since 2021, provides reservation and table management services to roughly 7,000 restaurants and other venues. Restaurants signed up with Tock include Aquavit, the high end Nordic restaurant in New York, as well as the buzzy new restaurant Chez Noir in California.

Squarespace and Tock confirmed the deal Friday.

AmEx's purchase of Resy five years ago raised a lot of eyebrows in both the credit card and dining industries, but it's become a key part of how the company locks in high-end businesses to be either AmEx-exclusive merchants, or ones that give preferential treatment to AmEx cardmembers. The number of restaurants on the Resy platform has grown five fold since AmEx purchased the company.

AmEx also announced Friday it would buy Rooam, a contactless payment platform that is used heavily in stadiums and other entertainment venues. AmEx did not disclose how much it was paying for Rooam.

FILE - An American Express logo is attached to a door in Boston's Seaport District, July 21, 2021. American Express announced Friday, June 21, 2024, it will acquire the dining reservation and event management platform Tock from Squarespace for $400 million cash. (AP Photo/Steven Senne, File)

FILE - An American Express logo is attached to a door in Boston's Seaport District, July 21, 2021. American Express announced Friday, June 21, 2024, it will acquire the dining reservation and event management platform Tock from Squarespace for $400 million cash. (AP Photo/Steven Senne, File)

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Birthday boy Lamine Yamal wins Euro 2024 and best young player award

2024-07-15 09:04 Last Updated At:09:10

BERLIN (AP) — Spain’s teenage phenom Lamine Yamal won the European Championship and the tournament’s best young player award just a day after he turned 17.

Yamal earned it mostly while he was still 16, but he crowned his contribution to Spain’s success by setting up Nico Williams’ opening goal in a 2-1 win over England in the final on Sunday.

“This is the best (birthday) gift I could have asked for. It’s a dream come true,” Yamal said. “It got tough when they tied the score, but I don’t know what this team is made of because we always fight back.”

England substitute Cole Palmer had equalized for England, but Mikel Oyarzabal clinched Spain’s win in the 86th.

Yamal set up Williams to score in the 47th by drifting inside Luke Shaw and playing the ball across to the left for the Athletic Bilbao winger to hit first time inside the far post. Yamal also brought two good saves from England goalkeeper Jordan Pickford.

“Lamine is incredible, as you’ve all seen during this tournament,” Williams said. “The sky’s the limit for him. As well as being a good player, he’s also a great person.”

Yamal became the youngest player to appear at the European Championship, the youngest to score in the tournament, and the youngest to play in a final.

Yamal plays for Barcelona, following in the footsteps of his idol, Lionel Messi, after coming through the club’s famed La Masia training academy. He's also the youngest goalscorer in the Spanish league.

He finished with four assists and one goal in his debut European Championship.

AP Euro 2024: https://apnews.com/hub/euro-2024

Spain's Lamine Yamal poses with the trophy after the final match against England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. Spain won the game 2-1. (Tom Weller/dpa via AP)

Spain's Lamine Yamal poses with the trophy after the final match against England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. Spain won the game 2-1. (Tom Weller/dpa via AP)

Spain's Lamine Yamal smiles with his medal next to the trophy after winning the final match between Spain and England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. Spain won 2-1. (AP Photo/Manu Fernandez)

Spain's Lamine Yamal smiles with his medal next to the trophy after winning the final match between Spain and England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. Spain won 2-1. (AP Photo/Manu Fernandez)

Spain's Lamine Yamal celebrates after receiving the Best Young Player of the tournament award after the final match between Spain and England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. Spain won 2-1. (AP Photo/Manu Fernandez)

Spain's Lamine Yamal celebrates after receiving the Best Young Player of the tournament award after the final match between Spain and England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. Spain won 2-1. (AP Photo/Manu Fernandez)

Spain's Lamine Yamal holds a baby after the final match between Spain and England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. (AP Photo/Andreea Alexandru)

Spain's Lamine Yamal holds a baby after the final match between Spain and England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. (AP Photo/Andreea Alexandru)

Spain's Lamine Yamal holds the young player of the tournament trophy after the final match between Spain and England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. (AP Photo/Andreea Alexandru)

Spain's Lamine Yamal holds the young player of the tournament trophy after the final match between Spain and England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. (AP Photo/Andreea Alexandru)

Spain's head coach Luis de la Fuente gestures to Lamine Yamal after they collected their medals for winning the final match between Spain and England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. Spain won 2-1. (AP Photo/Manu Fernandez)

Spain's head coach Luis de la Fuente gestures to Lamine Yamal after they collected their medals for winning the final match between Spain and England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. Spain won 2-1. (AP Photo/Manu Fernandez)

Spain's Lamine Yamal poses with the trophy after the final match against England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. Spain won the game 2-1. (Tom Weller/dpa via AP)

Spain's Lamine Yamal poses with the trophy after the final match against England at the Euro 2024 soccer tournament in Berlin, Germany, Sunday, July 14, 2024. Spain won the game 2-1. (Tom Weller/dpa via AP)

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