American Express Global Business Travel (AmexGBT) is to be acquired by AI specialist, Long Lake Management, for US$6,3 billion (R103,65 billion) in the second half of 2026.
American Express, Expedia, Qatar Investment Authority and BlackRock, collectively representing 69% of GBT’s shares, have entered into voting agreements in support of the transaction.
The transaction is subject to the satisfaction of customary closing conditions, including approval by Amex GBT’s stockholders and receipt of requisite regulatory clearances.
