American Express Global Business Travel (Amex GBT) is set to be taken private after Long Lake agrees to acquire the corporate travel platform in a $6.3 billion transaction. Multiple reports say the deal is backed by General Catalyst and will close on a timeline subject to customary conditions.
After the acquisition closes, Amex GBT will operate as a privately held company. Long Lake positions the purchase as a way to expand the use of applied and advanced artificial intelligence to improve services for travel-management customers. One outlet also links the target’s current operator and structure to Global Business Travel Group (GBTG), which is described as operating the platform.
The reporting emphasizes that, while the transaction is supported by a venture firm with experience in travel technology, Long Lake will need to demonstrate results in scaling the business and realizing the stated AI-related goals. The sources do not present details on pricing mechanics beyond the headline consideration amount, nor do they specify regulatory outcomes or deal terms beyond the expected closing subject to standard approvals.
