American Express Global Business Travel to acquire Egencia from Expedia Group  for $750m.

American Express Global Business Travel, a business partner for managed travel, agreed to acquire Egencia, a business travel platform, from Expedia Group, an online travel shopping company, for $750m. “Our strategy is to provide customers with unparalleled choice by having the best solutions for each managed travel segment that we serve. In Egencia, we would welcome the industry’s leading digital business travel platform. Egencia would be strengthened by GBT’s complementary technology, enterprise capabilities and cutting-edge content. This would create new opportunities for both multinational and small and medium-sized enterprise (SME) clients, suppliers and the talented teams within both organizations," Paul Abbott, American Express Global Business Travel CEO.