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Marc Bhargava

Marc Bhargava

Managing Director, General Catalyst

Appears in 1 story

Stories

AI holding companies buy their way into corporate services

Money Moves

Public face of General Catalyst's Creation Strategy

Two years ago, Long Lake was buying suburban homeowners-association managers. On May 4, 2026, Long Lake agreed to take American Express Global Business Travel private for $6.3 billion, paying a 60% premium. The deal acquires the world's largest corporate travel platform as part of a new venture-backed strategy that uses AI software to absorb traditional service companies.

Updated May 31