The Digital Source For China's Tech Innovation Since 2000

Search
Close

Ctrip Buys British Online Travel Search Firm Skyscanner

November 24, 2016
Business | Internet

Employees of the UK's Skyscanner are readying to welcome their new Chinese owners.

Ctrip.com International, Ltd. has agreed to acquire all shares of Skyscanner Holdings Ltd., a U.K.-based global travel search site, for approximately £1.4 billion.

The purchase price consists of cash mainly, with the minority in Ctrip shares and loan notes. The deal has won board approval at both companies and is expected to close by the end of this year.

Skyscanner's current management team will continue to manage the company's operations independently as part of the Ctrip group, the announcement said.

Skyscanner enables users to compare prices from hundreds of travel sites when searching for flights, hotels, and rental cars.

It ranks as one of the top online travel brands based on search interest, serving 60 million monthly active users and available in over 30 languages. It has established leadership in Europe and has a growing presence in Asia Pacific and the Americas.

Tags: acquisition | Britain | Ctrip.com | Internet travel | metasearch engine | online travel | search engine | Skyscanner | travel | travel meta search | United Kingdom

Other Related News:

eLong.com Gets New CEO

February 8, 2006

China Approves 13 Internet Map Operators

June 30, 2010

A big “roadblock” in front of electric vehicles: what to do with scrapped lithium batteries? – in Chinese

January 20, 2022

beijing: China unveils plan to bring algorithms of its internet industry under state control to tighten censorship

September 30, 2021

[OPINION] Charles & Keith, status signaling, and a Filipina teen

January 17, 2023

FAST FIVE: China Asks Didi To Delist From NYSE, Shares Plunge Premarket

November 27, 2021

US warns Chinese hackers have their ‘most advanced' backdoor yet

March 3, 2022

Russia Mulling Allowing Crypto for International Payments, Fed Vice Chair Sees Place for Digital Dollar, NFT Game Blocks Users in China + More News

May 28, 2022

RBC buying HSBC Canada is a loss for the banking public

December 2, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter