Amex GBT's Ownership Saga Concludes with Take-Private Deal
The $6.3 billion take-private acquisition of Amex GBT by Long Lake Management marks a significant milestone in corporate travel and concludes an ownership saga that began in 2014. American Express is set to gain approximately $975 million pre-tax, while Expedia faces losses from its investment.
Topics: Corporate Travel Financial Gains Joint Ventures Private Equity