Expedia Group Inc

NASDAQ:EXPE  
174.42
-3.08 (-1.74%)
4:02:10 PM EDT: $175.00 +0.58 (+0.33%)
Earnings Announcements

American Express Global Business Travel To Go Public Via Combination With Apollo Strategic Growth Capital

Published: 12/03/2021 13:27 GMT
Expedia Group Inc (EXPE) - American Express Global Business Travel, the World’s Leading B2b Travel Platform, to Go Public Via Combination With Apollo Strategic Growth Capital.
Apollo Strategic Growth Capital - American Express Global Business Travel and Co to Combine at Pro Forma Market Capitalization of $5.3 Billion.
Apollo Strategic Growth Capital - Transaction to Provide Up to $1.2 Billion of Gross Proceeds.
Apollo Strategic Growth Capital - New Shareholders to Join Existing Investors American Express Company, Certares and Expedia Group.
Apollo Strategic Growth Capital - Deal Includes Upsized, Fully Committed $335 Million Pipe Investment at $10.00/common Share.
Apollo Strategic Growth - Gbt Will Continue to Have Right to Use American Express Trademark in Connection With American Express Global Business Travel.
Apollo Strategic Growth Capital - Pipe Investment With Key Investors Including Apollo, Ares, Hg Vora, Sabre and Zoom.
Apollo Strategic Growth - Gbt to Continue to Have Right to Use American Express Trademark in Connection With American Express Gbt Meetings & Events Brands.
Apollo Strategic Growth Capital - Upon Closing of Transaction, Combined Company Will Be Renamed Global Business Travel Group, Inc.apollo Strategic Growth Capital - Current Gbt Common Equity Holders Are Expected to Roll Their Existing Equity Holdings Into Combined Company.
Revenue is expected to be $2.31 Billion
Adjusted EPS is expected to be $0.79

Next Quarter Revenue Guidance is expected to be $2.23 Billion
Next Quarter EPS Guidance is expected to be -$0.44

More details on our Analysts Page.