Related News
China's Ctrip acquires Skyscanner for 1.4 bln pounds
CHINA'S top online travel service provider Ctrip.com International will acquire flight comparison site Skyscanner for 1.4 billion British pounds (about US$1.74 billion) and become its majority share-holder, sources with the companies said Thursday.
Nasdaq-listed Ctrip said the purchase, to be concluded by the end of this year, will be mainly in cash with the balance in shares and loan notes.
A Ctrip statement quoted chairman James Jianzhang Liang as saying that the acquisition will strengthen both companies: Ctrip will consolidate its global position and Skyscanner will get a boost in experience, technology and booking capability.
Skyscanner CEO Gareth Williams said in another statement that the company will remain operationally independent.
Founded in 1999, Ctrip is China's top online travel service provider. In 2015, Ctrip bought its rival Qunar and became the top online travel agency in China.
Ctrip made net revenue of 5.6 billion yuan (US$820 million) in the third quarter of 2016, up 75 percent from a year earlier, according to the company's latest financial report.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.