American Express Global Business Travel Agrees to Acquire Egencia from Expedia Group
May 4, 2021
American Express Global Business Travel (GBT) has made a binding offer to acquire Egencia, the corporate travel arm of Expedia Group, bringing Egencia into GBT’s business travel platform. As part of the proposed deal Expedia Group would take a shareholder stake in GBT and enter a long-term commercial agreement to power Egencia, subject to employee consultations and customary regulatory approvals.
- Buyers
- American Express Global Business Travel
- Targets
- Egencia
- Sellers
- Expedia Group
- Industry
- Professional Services
- Location
- Washington, United States
- Transaction Type
- Divestiture
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