Amex GBT to go private in $6.3B acquisition by Long Lake

Investment holding company Long Lake Management will acquire American Express Global Business Travel (Amex GBT) for approximately $6.3 billion in an all-cash deal at $9.50 per share, expected to close in H2 2026. The transaction was unanimously recommended by a Special Committee and approved by the board. Shareholders including American Express, BlackRock, Expedia, and Qatar Investment Authority support the deal. CEO Paul Abbott said the partnership with Long Lake, including its AI capabilities, positions Amex GBT to drive corporate travel transformation.