Wednesday, November 23, 2016

China's Ctrip To Buy UK Flight Search Firm Skyscanner For œ1.4 Bln

Chinese online travel giant Ctrip.com International, Ltd. on Wednesday said it has signed a definitive agreement to acquire UK-based travel search site Skyscanner Holdings Ltd. for about 1.4 billion pounds or $1.74 billion. Ctrip also reported higher third-quarter revenues, despite weak profit, and said it expects significant revenue growth in the fourth quarter.

from RTT - Earnings http://ift.tt/2fTG7ug
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