AcquisitionMay 4, 2026Completed
🇺🇸 United States
AEAmerican Express Global Business Travel (Global Business Travel Group, Inc.)LLLong Lake Management
Industrials › Transportation & Logistics
Enterprise value$6.3BEnterprise value
AnnouncedMay 4, 2026
ConsiderationCash
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Long Lake Management agreed to acquire Global Business Travel Group, Inc. (American Express Global Business Travel) for $9.50 per share in cash, in a transaction valued at about $6.3 billion. The deal is structured as a one-step merger.
Deal rationale
The transaction combines Long Lake's applied AI capabilities with Amex GBT's marketplace, customer relationships and technology to improve business travel.
AI-generated from the SEC filingCompletedIndustrials › Transportation & LogisticsUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $6.3B | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
BOBank of AmericaCCitiJPJ.P. MorganMMoelis & Company
Sell-side
RRothschild & Co
Parties
Target
AEAmerican Express Global Business Travel (Global Business Travel Group, Inc.)
- Headquarters
- United States
- Ticker
- GBTG
Acquirer
LLLong Lake Management
- Headquarters
- United States
- Ticker
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