Discussion

• @nikmilanovic Nik on x

  Biiiiiiiiiiig fintech news today: Long Lake Management, a startup backed by @generalcatalyst, agreed to acquire @AmexBusiness Global Business Travel (Amex GBT) for approximately $6.3 billion. This is probably mixed news for @tryramp, @brexHQ, and @Navan. Validation that there's […

• @mollysoshea Molly O'Shea on x

  @packyM GC wants global dom

• @trace_cohen Trace Cohen on x

  This is huge! 1) Steve CEO of AMEX now is the 🐐 - really inspired me when I worked there bc I believed in him. And now he has $1B+ for investment + M&A “$1.5 billion and to recognize a pre-tax gain of approximately $975 million.” 2) Don't forget the former CEO of AMEX Ken

• @nicitaalex Alex Nicita on x

  @packyM Travel was the least deployed domain. Seems smart to put the best talent on it, unless Google takes their travel monopoly and staffs an elite Gemini team on this, which I imagine they will now

• @julianklymochko Julian Klymochko on x

  The trend of AI-enabled private equity funds acquiring SaaS businesses at large premiums is just beginning [image]

• @willmanidis Will Manidis on x

  “deal guy yuga” i dont think anyone understands whats coming [image]

• @skift @skift on x

  Long Lake Management, backed by General Catalyst and Alpha Wave, will acquire Amex GBT for $6.3 billion in cash. Shareholders will receive $9.50 per share, representing a 60.2% premium over the May 1 closing price. Major investors, including American Express, Expedia, Qatar

• @packym Packy McCormick on x

  Bigger target than I was expecting for the AI rollups. [image]