Expedia Receives Binding Offer for Corporate Travel Arm From American Express Global Business Travel
By Dave Sebastian
Expedia Group Inc. said Tuesday it received a binding offer from
American Express Global Business Travel for Egencia, Expedia's
corporate travel arm, the companies said.
Under the proposed deal, terms of which the companies didn't
disclose, Expedia would become a shareholder in and enter a
long-term commercial agreement with American Express Global
Business Travel, the companies said Tuesday.
Expedia will report first-quarter results after market close
Write to Dave Sebastian at email@example.com
(END) Dow Jones Newswires
May 04, 2021 08:49 ET (12:49 GMT)
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