American Express To Fold Tock Into Resy (More Venues For Resy Credit)

According to Fast Company American Express will fold Tock into Resy, this will create a platform with 25,000 venues (Tock responsible for 8,000) and make it easier to use the Resy $400 dining credit that the Platinum card comes with

American Express acquired Resy in May 2019 for a rumored~$200 million when it had approximately 4,000 partnered restaurants. American Express then acquired Tock for $400 million. Chase has partnered with industry giant OpenTable and DoorDash recently spent $1.2 billion to acquire SevenRooms (reservations platform). 

Ultimately this is good news for cardholders as it will be easier to use that Resy credit now. 

 

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