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November 25, 2016 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/SSFEFsVjfpA/china-travel-firm-ctrip-to-buy-skyscanner-for-25-billion
China Travel Firm Ctrip To Buy Skyscanner For $2.5 Billion
An anonymous reader shares a report: Ctrip.com International will buy British flight price-checking site Skyscanner for about S$ 2.5 billion, as China's largest online travel firm explores ways to expand beyond a home market it already dominates. The deal will allow Ctrip, whose growth has been tied to the sharp rise of Chinese tourism, to gain a strong foothold in Europe. Skyscanner, one of the region's larger flight-ticketing services, has more than 60 million monthly active users. Ctrip said it would be able to offer a more complete array of options combining air, rail and road travel. It announced the deal on Wednesday, alongside better-than-expected quarterly revenue and earnings. Its shares climbed almost 7 per cent in New York in after-hours trade.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/SSFEFsVjfpA/china-travel-firm-ctrip-to-buy-skyscanner-for-25-billion
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