American Express Enhances Dining Perks with Tock Acquisition

Amex cardholders gain exclusive access to top restaurants through new $400 million deal, expanding its hospitality services.

American Express acquires Tock, a booking app for 7,000 venues, for $400 million.
The acquisition aims to provide cardholders with easier access to popular restaurants in major cities.
Amex already offers exclusive dining benefits through Resy, another reservation app it owns.
The move targets younger generations, who are increasingly engaging with Amex's premium perks.
Concerns arise over the growing divide in dining access based on cardholder status and spending.