Amex GBT Makes SPAC Deal To Go Public

American Express Global Business Travel has agreed to merge with "blank-check" special purpose acquisition company Apollo Strategic Growth Capital in a deal that would take the company public with a $5.3 billion valuation. The combination is expected to close in the first half of 2022, pending shareholder and regulatory approvals. The company said the move would create the world's largest publicly traded business-to-business travel platform.