Amex GBT completes $6.3 billion sale to Long Lake Management

GBTG•2026-09-29

Long Lake Management completed its all-cash acquisition of Global Business Travel Group at an enterprise value of about $6.3 billion, paying stockholders $9.50 per share.

1. Deal closes

Stockholders received $9.50 per share in cash, a 65.1% premium to the 30-day VWAP at signing. The company’s NYSE-listed common stock ceased trading and will be delisted. Funding includes equity from Long Lake investors and Koch Equity Development, supported by committed debt financing.

Amex GBT completes $6.3 billion sale to Long Lake Management

1. Deal closes

Related News

Carnival Corp beats third-quarter revenue estimates

Gaia director Paul Howard Sutherland buys $2,610 of common shares

Roku study shows Canadian daily streamers spend nearly 80 hours a year choosing TV content

Amaze Holdings signs LOI to acquire BullionFX assets in stock deal valued at $155 million

SmartStop Self Storage enters joint venture to invest $54 million in Strategic Storage Canada fund