Amex GBT to go private in $6.3B acquisition by Long Lake
Long Lake Management will acquire American Express Global Business Travel for approximately $6.3 billion in an all-cash deal, valuing shares at $9.50 each. Expected to close in H2, making Amex GBT private again. Long Lake's AI capabilities will drive corporate travel transformation.
Impact and considerations
Amex GBT's privatization marks consolidation in corporate travel, with AI as a core competency.
Key points
- Acquisition valued at approximately $6.3 billion, $9.50 per share
- Expected to close in H2
- Amex GBT to become private again
- Long Lake's AI capabilities to drive corporate travel transformation
- Major shareholders support the deal
Sources and time
- Primary source
- PhocusWire / Phocuswright
- Other sources
- 0
- First source publication
- 4 May 2026, 22:40
- Page published
- 14 Aug 2026, 08:09
- Last updated
- 4 May 2026, 22:40
- Original links
- PhocusWire All News：Amex GBT to go private in $6.3B acquisition by Long Lake | PhocusWire (opens in a new tab)Primary source · en · Published 4 May 2026, 22:40