New York — August 8, 2025
In short: American Express Global Business Travel to be acquired by Long Lake Management for $6.3 billion.
American Express Global Business Travel to be Acquired by Long Lake Management
Travel Distribution News: American Express Global Business Travel (Amex GBT) has agreed to be acquired by Long Lake Management in an all-cash transaction valued at $6.3 billion, the companies announced on Monday. Long Lake, an investment firm founded in 2023 and backed by General Catalyst and Alpha Wave, is offering $9.50 per share, a 60.2% premium over Amex GBT’s closing price on May 1. Major shareholders including American Express, Expedia, BlackRock, and the Qatar Investment Authority, who collectively hold 69% of shares, have entered into voting agreements in support of the transaction. American Express, which holds approximately 30% of the company, will remain a minority shareholder post-deal.
Key Details
- Transaction Value: $6.3 billion
- Acquisition Price: $9.50 per share, 60.2% premium over May 1 closing price
- Major Shareholders: American Express (30%), Expedia, BlackRock, Qatar Investment Authority (collectively 69%)
- Deal Structure: All-cash transaction
- Effective Date: Not specified in the source article
What Travel Professionals Should Know
TMCs managing global corporate accounts: This acquisition consolidates Amex GBT’s extensive global network and technology platform under Long Lake’s management, potentially enhancing service offerings and operational efficiency for TMCs with international travel portfolios. The deal’s approval will depend on shareholder voting, which is expected to proceed as supported by the major shareholders.
Frequently Asked Questions
What is the acquisition?
American Express Global Business Travel is being acquired by Long Lake Management in an all-cash deal valued at $6.3 billion.
Which travel trade segments does this affect?
This acquisition primarily impacts TMCs, travel agencies, and corporate travel departments that utilize Amex GBT’s services, as well as the broader market of travel distribution platforms.
When does this take effect?
The effective date of the acquisition has not been specified in the source article.
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