Apollo Strategic Growth Capital (APSG) to Combine with American Express GBT in $5Bn Deal

Apollo Strategic Growth Capital (APSG) to Combine with American Express GBT in $5Bn Deal

Apollo Strategic Growth (NYSE:APSG) has entered into a definitive agreement to combine with American Express Global Business Travel at an enterprise value of $4.98 billion, or 6x its 2021E revenue. New Jersey-based Amex GBT provides a marketplace and loyalty platform for companies providing business travel goods and services hosting $39 billion in total transaction value
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