coda.news
Amex GBT logo

Amex GBT

Travel management

Other
Visit website ↗

About

Global Business Travel Group, Inc. is a multinational travel management company headquartered in New York City. Amex GBT has 18,000 employees in more than 140 countries. American Express holds a minority interest in Amex GBT, but the travel company operates as a separate entity from the financial services group.

Source: Wikipedia (CC BY-SA)
On coda.news
1 event, reported by media in 1 country

Latest news

economy2 d ago
Long Lake Management acquires Amex GBT in a $6.3 billion cash deal

According to Skift, Long Lake Management, backed by General Catalyst, has agreed to acquire Amex GBT in a $6.3 billion cash deal to take the company private. The acquirer plans to rebuild legacy services around its Nexus AI platform, with claimed improvements in integration time and revenue growth at acquired companies, and the move described as a growth bet rather than a cost cut. Kenneth Chenault, lead director at Airbnb and chair of Bilt, commented on bidders’ concerns about AI and noted Amex Platinum’s live events strategy and its impact on new cardmember demographics.

Similar companies

None yet.