Expedia Group closes sale of Egencia to American Express Global Business Travel

Expedia Group, Inc.

Expedia Group completes sale of Egencia (digital travel management platform) to GBT on Nov 2, 2021.
Expedia Group receives an equity stake in GBT as part of the transaction.
Expedia enters long-term agreement to supply accommodations inventory to GBT.
Mark Hollyhead remains President of Egencia, reporting to GBT CEO Paul Abbott.
GBT and Egencia will combine to offer broader business travel solutions.

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