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AI Holding Company Research
acquisition agreementAnnounced

Amex GBT agreement

Occurred

Long Lake

What the sources support

StatementEvidenceAs ofSources
Amex GBT agreement: $9.50/share cash, approximately $6.3bn transaction value. Long Lake
Caveat

Do not equate transaction value with Holdings equity valuation.

Company reported12

Sources (2)

Publication date is shown for each source; the development date above is the date of the underlying event where the research established it. Syndicated copies are not independent corroboration.

derived from claim
Long Lake buyout coverageNewsExcerpt
Pritam Biswas / Reuters · Reuters

Reports an agreed $6.3 billion cash acquisition at $9.50 per share, with closing expected in H2 2026.

derived from claim
Amex GBT acquisition agreement announcementCompany announcementExcerpt

Announced May 4, 2026. Long Lake Management agreed to acquire American Express Global Business Travel in an all-cash take-private valued at approximately $6.3 billion, with support from General Catalyst and Alpha Wave; Koch Equity Development was also reported in the syndicate. Shareholders receive $9.50 per share, a 60.2 percent premium to the May 1 closing price. The transaction is expected to close in the second half of 2026, subject to customary conditions and regulatory clearances. American Express is selling its roughly 30 percent stake for $1.5 billion and expects to record a pre-tax gain of about $975 million; its brand license and other commercial agreements with Amex GBT remain in place. Paul Abbott is chief executive of Amex GBT, which operates in more than 140 countries. Ken Chenault, General Catalyst chairman and former American Express chief executive, commented on the deal. Long Lake was founded in 2023.