U.S. COMPANY FILING
AMERICAN EXPRESS CO — Form 8-K filed 2026-05-04
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On May 4, 2026, American Express announced it will sell its approximately 30% equity interest in GBTG pursuant to the acquisition of GBTG by Long Lake and General Catalyst. The company expects to receive proceeds of approximately $1.5 billion and recognize a pre-tax gain of approximately $975 million, which was not included in its FY 2026 guidance. A portion of the gain will be invested for continued success and a portion returned to shareholders. The transaction does not change existing brand licensing and commercial agreements.
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