Squarespace Buys Tech Startup Tock for $400 Million Plus – Bloomberg

Website-hosting service Squarespace Inc., a $10 billion company that has confidentially filed for an initial public offering, is buying restaurant-services provider Tock for more than $400 million.

Squarespace paid a mix of cash and stock for the Chicago-based company, which provides technology for online reservations, takeout and other services, according to a statement Wednesday obtained by Bloomberg News.

“E-commerce within the restaurant and hospitality industries is a large and growing market opportunity,” Anthony Casalena, Squarespace’s chief executive officer, said in a statement. “I’ve long admired Tock’s vision to re-imagine how reservation-based businesses connect with their customers.”



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