Long Lake Management agreed on Monday to acquire Global Business Travel Group Inc., the American Express Co. travel platform, in a deal worth about $6.3 billion. [1]
Long Lake, a startup backed by General Catalyst Partners, will pay $9.50 per share in cash for the company, which was spun out of Amex. [1]
The offer values Global Business Travel at a 60% premium to its closing price on the Friday before the announcement. [1]
The deal gives Long Lake a direct route into the corporate travel market through a listed company with a brand tied to one of the best-known names in finance and travel services. [1]
The companies said the transaction was announced on 2026-05-04, and the agreement now heads toward the steps needed to close it. [1]