American Express Global Business Travel completed the acquisition of CWT for $540m.

American Express Global Business Travel, a B2B software and services company for travel and expense, completed the acquisition of CWT, a global business travel and meetings solutions provider, for $540m. "Today marks the start of an exciting relationship with CWT customers. We will listen, build trust and deliver the choice, value and service they expect. This acquisition will generate greater investment capacity for our software and services and is expected to create significant shareholder value through efficiency gains," Paul Abbott, Amex GBT CEO. On January 10, 2025, Justice Department sues to block Global Business Travel Group’s acquisition of CWT. On March 24, 2025, Amex GBT announced an amended merger agreement for CWT acquisition, including (1) A revised CWT transaction value of approximately $540m (from $570m originally agreed); (2) A revised fixed stock price of $7.50 per share (from $6.00 per share initially agreed); (3) An extension of the Drop Dead Date to December 31, 2025