Long Lake Management Acquires Amex GBT in $6.3 Billion Private Deal
Long Lake Management has finalized an agreement to acquire American Express Global Business Travel (Amex GBT) for $6.3 billion, taking the company private. This all-cash transaction offers shareholders a significant premium and is expected to conclude in the latter half of 2026, pending regulatory approvals. The acquisition leverages AI to innovate corporate travel, integrating Long Lake's Nexus platform.