Long Lake Completes $6.3 Billion Acquisition of Amex GBT, Which Delists from NYSE
Global Business Travel Group (Amex GBT) announced the completion of its acquisition by Long Lake Management in an all-cash transaction valuing the company at approximately $6.3 billion. The deal was previously announced on May 4, 2026, and approved by stockholders at a Special Meeting on August 3, 2026. Under the merger agreement, Amex GBT stockholders received $9.50 per share in cash, a 65.1% premium to the 30-day VWAP from the date of the merger agreement. Following completion, Amex GBT common stock ceased trading and will be delisted from the New York Stock Exchange, and the company now operates as a privately held company. Amex GBT CEO Paul Abbott said the milestone brings Long Lake's A…
Impact and considerations
Amex GBT is one of the world's leading travel management companies, and its take-private plus AI capability injection could reshape corporate travel procurement, service delivery and technology roadmaps, and affect TMC market competition. Corporate travel buyers should watch service continuity, contract terms and the…
Key points
- Amex GBT completed its acquisition by Long Lake Management in an all-cash transaction valuing the company at approximately $6.3 billion.
- The deal was announced on May 4, 2026, and approved by stockholders at a Special Meeting on August 3, 2026.
- Stockholders received $9.50 per share in cash, a 65.1% premium to the 30-day VWAP from the date of the merger agreement.
- Following completion, Amex GBT common stock ceased trading and will be delisted from the NYSE, and the company operates as a private company.
- Amex GBT CEO Paul Abbott said the deal brings Long Lake's AI engineering team into the company, accelerating managed-travel innovation.
- Long Lake Co-Founder and CEO Alex Taubman said Long Lake will invest heavily to advance AI deployment in the travel experience.
- The transaction is financed with equity from Long Lake's existing investors and Koch Equity Development LLC, plus committed debt financing.
- Amex GBT has travel professionals and business partners in more than 140 countries.
Sources and time
- Primary source
- American Express Global Business Travel
- Other sources
- 0
- First source publication
- 29 Sept 2026, 08:00
- Page published
- 30 Sept 2026, 02:09
- Last updated
- 29 Sept 2026, 08:00
- Original links
- Amex GBT Press Room：Long Lake, the World’s First AI Holding Company, Completes $6.3 Billion Acquisition of American Express Global Business Travel (opens in a new tab)Primary source · en · Published 29 Sept 2026, 08:00