December 03, 2021
American Express Global Business Travel (GBT) announced its entry into a definitive business combination agreement with special purpose acquisition company Apollo Strategic Growth Capital (NYSE: APSG) (APSG). The combination is expected to create the world’s largest publicly traded managed business travel platform, which plans to list on the New York Stock Exchange (NYSE) under the new ticker symbol “GBTG”.
Latham & Watkins LLP represented Expedia, a significant shareholder of GBT, in connection with the deSPAC transaction with a corporate team led by Century City partners Jordan Miller and Andrew Clark with associates Alidad Damooei and Eric Lim. Advice was also provided on tax matters by Century City partner Larry Stein with associate Brian Rogers.