Amex GBT Goes Private in $6.3B Deal

American Express Global Business Travel (GBT) is going private in a $6.3 billion deal with Long Lake Management, offering shareholders $9.50 per share, a 60% premium. Amex, the top shareholder, gains $1.5 billion and a $975 million pre-tax gain. Long Lake, backed by heavyweights like General Catalyst and Alpha Wave, plans to leverage AI for corporate travel via their Nexus platform. The deal, expected to close in H2 2026, could reshape how companies manage trips and expenses. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/22c1aec2faa51c36