Long Lake, the World's First AI Holding Company, Completes $6.3 Billion Acquisition of American Express Global Business Travel
Long Lake, described as the world's first AI holding company, has completed a $6.3 billion acquisition of American Express Global Business Travel, as announced in a news release from New York.
Why it matters — This transaction changes the ownership structure of GBTG, which may be significant for investors tracking the company's future direction under its new parent.