Long Lake to buy Amex GBT for $6.3 billion in AI travel bet
Investment and technology firm Long Lake said on Monday it would buy corporate travel operator American Express Global Business Travel for $6.3 billion in an all-cash deal, betting that artificial intelligence can reshape the sector’s future.
Confidence in dealmaking is showing signs of improvement as markets return to normality following a roller-coaster ride in the weeks after the start of the Iran war.
