American Express Global Business Travel has agreed to be acquired by Long Lake Management in an all-cash transaction valued at approximately $6.3 billion, marking one of the largest deals in the business travel sector this year.
The agreement will see shareholders receive $9.50 per share in cash, representing a significant premium over recent trading levels.
Deal Offers Major Premium To Shareholders
Under the terms of the transaction, Amex GBT shareholders will receive $9.50 per share, equating to a 60.2% premium to the company’s closing stock price on May 1, 2026.
The offer also reflects a 65.1% premium over the company’s 30-day volume-weighted average share price, signaling strong investor confidence in the business and its future potential.
The deal was unanimously approved by the Amex GBT Board following a recommendation from an independent Special Committee.
Strategic Focus On AI And Travel Innovation
Paul Abbott, CEO of Amex GBT, described the agreement as a validation of the company’s strategy and long-term growth.
The acquisition is expected to accelerate investment in artificial intelligence and digital capabilities, with a focus on improving booking efficiency, disruption management and overall travel experience.
Long Lake plans to combine its applied AI expertise with Amex GBT’s global scale and established corporate travel network to reshape the future of business travel.
Strong Backing From Major Investors
The transaction is supported by major shareholders including American Express, Expedia, Qatar Investment Authority and BlackRock, which together represent 69% of the company’s shares and have agreed to vote in favor of the deal.
Financing will be provided through a mix of equity from Long Lake’s investors and debt commitments from major financial institutions including JPMorgan, Bank of America, Citi and MUFG.
Company To Go Private After Completion
The transaction is expected to close in the second half of 2026, subject to shareholder approval and regulatory clearances.
Once finalized, Amex GBT will be delisted from public markets and will operate as a privately held company.
The move reflects a broader trend of consolidation and private investment in the travel technology sector, as companies seek greater flexibility to invest in innovation and navigate evolving market conditions.
