Long Lake, the World’s First AI Holding Company, Completes $6.3 Billion Acquisition of American Express Global Business Travel
Business Wire•29/09/2026•08:28 ET
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Key Highlights
- ➤$6.3 billion acquisition of Amex GBT (GBTG) completed by Long Lake
- ➤$9.50 per share cash payout represented a 65.1% premium
- ➤Amex GBT (GBTG) ceased trading and will delist from NYSE
- ➤Amex GBT (GBTG) now operates as a privately held company
Expert Statements
Paul Abbott, Chief Executive Officer of Amex GBT
“Our customers are the center of everything we do. This milestone brings Long Lake's leading AI engineering team into Amex GBT, accelerating the pace at which we shape the future of managed travel. From agentic customer tools to AI-empowered travel counselors, our customers can expect continuous innovation that will make the service they already trust faster, smarter, and more personalized.”
Alex Taubman, Co-Founder and CEO of Long Lake
“For over a century, Amex GBT has earned the trust of the world’s most important companies, governments, and institutions, by showing up for millions of travelers in mission-critical moments. It is an honor for Long Lake to have the opportunity to partner with Amex GBT to double down on its world-class customer excellence, and to invest heavily to advance the frontier of AI deployment in the travel experience.”
Long Lake, the World’s First AI Holding Company, Completes $6.3 Billion Acquisition of American Express Global Business Travel
Amex GBT to delist from NYSE and operate as a private company under Long Lake
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