AI & Tech
Private Equity Firm Completes World's First AI-Driven Take-Private at $6.3 Billion
No Priors Podcast
Amex Global Business Travel: The World’s First AI Take Private with Long Lake CEO Alexander Taubman
What was said
"You just announced what I believe, and I could be wrong on this, but I think it may be the world's first ever AI take private where you've agreed to acquire Amex Express Global Business Travel, the world's largest corporate travel platform for $6.3 billion."
Long Lake Management announced a $6.3 billion acquisition of American Express Global Business Travel, described as the first AI-focused take-private transaction. The 111-year-old company will be transformed using Long Lake's proprietary Nexus AI platform, which the firm has used across 30 prior acquisitions to automate workflows and boost productivity.
Verification status
Attributed speaker claim
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- Programme
- No Priors Podcast
- Episode
- Amex Global Business Travel: The World’s First AI Take Private with Long Lake CEO Alexander Taubman
- Clip time
- 0:30
- Original source
- Watch the source segment →
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