Long Lake to Acquire Amex GBT for $6.3 Billion
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As the world's largest corporate travel platform, the acquisition of Amex GBT by Long Lake will reshape the TMC industry, combining Long Lake's AI capabilities to potentially drive digital transformation in business travel services, impacting enterprises and travel management companies.
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- Amex GBT Press RoomLong Lake to Acquire Amex GBT for $6.3 Billion
American Express Global Business Travel (Amex GBT) has announced a definitive agreement to be acquired by Long Lake Management for $9.50 per share in cash, valuing the company at approximately $6.3 billion. The transaction is supported by investors including General Catalyst and Alpha Wave, and is expected to close in the second half of 2026. Amex GBT will become a private company, and the American Express brand licensing agreement will remain in place.