Long Lake to Acquire Amex GBT for $6.3 Billion in AI-Driven Travel Sector Move
Long Lake has agreed to acquire American Express Global Business Travel (Amex GBT) for $6.3 billion in an all-cash deal, aiming to leverage AI to transform the corporate travel sector. The transaction, which includes a 60.2% premium over Amex GBT's closing price, is expected to close in the second half of 2026. The deal reflects growing confidence in the travel industry following recent market volatility.
Topics: acquisition AI transformation artificial intelligence business travel sector corporate travel