Fenwick is currently representing Squarespace, a platform that helps entrepreneurs build their online brands and businesses, in a $400 million deal to sell Tock, a technology provider for reservations, tables, and events, to American Express.
In addition to the sale of Tock, Squarespace and American Express will be teaming up to offer more value to small businesses that use American Express Cards. This partnership will include benefits for Card Members and digital card-linked offers through the Amex Offers program. The agreement is contingent on meeting standard closing conditions and obtaining regulatory approval.
The team at Fenwick handling this transaction is comprised of various partners, associates, and law clerks. They include corporate partners Bomi Lee and Lynda Twomey, associates Zachary Portnoy, Jordan Beals, Ryan Kidman, and law clerk Nick Agostino. Additionally, technology transactions partner Rufus Pichler, counsel Susanne Petersen, and associate Ellis Liang are involved. Executive compensation and employee benefits partner Liz Gartland, along with associates Liza Morgan, Christophe Delrieu, and Melita Chan, are also part of the team. Antitrust and competition partner Tom Ensign and associates Elizabeth Suarez and Susan Lee, trade and national security partner Robert Slack and associate Julia Kuelzow, tax partner Julia Ushakova-Stein, counsel Ariel Love, and associates Kris Hatch and Einav Axler, privacy and cybersecurity counsel Melanie Jolson and associate Alyona Eidinger, and payments systems associate Igor Voloshin are also working on the deal.
This partnership between Squarespace and American Express signifies a significant move in the tech industry and business world. It shows the importance of collaboration and innovation in providing value to small businesses and entrepreneurs who are looking to grow and thrive in the digital marketplace. The involvement of legal experts from Fenwick highlights the complexity and importance of ensuring all aspects of the deal are carefully considered and executed.
Overall, this news article sheds light on the dynamic and ever-evolving nature of the business landscape, where partnerships and acquisitions play a crucial role in driving growth and success. The combination of Squarespace’s design-driven platform and Tock’s technology solutions with American Express’s resources and reach is poised to create new opportunities and benefits for small businesses and consumers alike.