China’s Ctrip to acquire VC-backed UK travel site Skyscanner
China’s largest online travel site Ctrip.com has agreed to buy Skyscanner, an airfare comparison website backed by VC investors, in a deal valuing the UK-based company at approximately GBP1.4 billion ($1.74 billion).
Skyscanner's current management team will continue to run the business as an independent unit within the Ctrip group once the deal closes by the end of this year. Payment will primarily be in cash, plus...
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