Qatar Takes Big Stake in American Express' Business Travel Unit, With $900 Million Deal
Skift Take
This joint venture sets up a whole new dynamic for American Express Global Business Travel, which can trim its exposure and take advantage of a funding infusion.
In a transaction that's been subject to negotiation for more than six months, Qatar would become a leading force in a $900 million deal to become a 50% joint venture partner with American Express in its Global Business Travel unit.
American Express Global Business Travel has 14,000 employees and, according to Travel Weekly's Power List, it did $29.2 billion in 20
