Long Lake to Take Amex GBT Private in $6.3B All-Cash Deal Backed by Top Investors
American Express Global Business Travel (Amex GBT) will be acquired by Long Lake Management in an all-cash deal valued at about $6.3 billion, with shareholders receiving $9.50 per share—a roughly 60% premium—and the company to be taken private. The transaction, supported by investors including General Catalyst and Alpha Wave, is expected to close in the second half of 2026 pending customary stockholder and regulatory approvals; financing includes equity from Long Lake and Koch Equity Development and debt from major banks.
