American Express to acquire San Francisco-based LoungeBuddy.

American Express, an American multinational financial services corporation, agreed to acquire San Francisco-based LoungeBuddy, a digital platform that enables travelers to discover, book and access airport lounges worldwide. Financial terms were not disclosed. “The expansive airport lounge access we offer our premium Card Members through the Global Lounge Collection is among the most popular travel benefits we offer, which is why we continue to invest in enhancing the lounge access and services we provide,” said Chris Cracchiolo, Senior Vice President, Global Loyalty and Benefits, American Express. “With the acquisition of LoungeBuddy, we will be able to leverage its cutting-edge platform to develop additional ways to become an essential part of our Card Members’ digital lives.”