Expedia will get a 14% ownership in American Express Global Business Travel (GBT) with a value of about $750 million as a result of the acquisition by GBT of Egencia, Expedia’s business travel division, according to executives on an Expedia earnings call. Eric Hart, Expedia’s CFO, also said that the company’s 10-year lodging supply agreement with GBT would generate more than $60 million in earnings before interest, taxes, depreciation and amortization, based on 2019 volumes. The deal, said Peter Kern, Expedia’s CEO, “is extremely exciting to us.” He said it highlights three core missions of the company: finding the best opportunities for all its businesses; efforts to grow the B2B segment in the industry, part of which will be a long-term lodging supply and technology agreement with GBT; and simplification, which will help Expedia focus more on its core businesses. The deal, said Hart, is expected to close in 9 to 12 months, pending regulatory approval.