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New Deal


Announced

Squarespace to acquire Tock for $400m.

Financials

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Transaction Value£290m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

reservation software

Domestic

Pending

Private

United States

Acquisition

Single Bidder

Majority

Software

Synopsis

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Squarespace, the all-in-one website building and ecommerce platform, agreed to acquire Tock, a unified system serving the hospitality industry with online reservations, table management, takeout, and events in one place, for $400m. "Squarespace and Tock have a shared mission of elevating and enabling our customers' success and passion. Combining Tock's unified platform and years of hospitality industry expertise with Squarespace's reach, resources, and design-forward products, in our view, creates an opportunity to deliver a best-in-class solution to millions of entrepreneurs and small businesses around the world," Nick Kokonas, Tock Founder and CEO.

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