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Skyscanner acquired by Ctrip in £1.4bn (1.74 billion dollars)

Skyscanner was initially valued at £ 1.2 bn during £30 m fundraising effort prior this

year but the price paid by Ctrip is at eighty times more of its annual profit i.e.

£1.4 bn. As Williams and his co-founders will have sold their shares and deal is

done with blessings of largest investor Venture capital firm Scottish equity

partners. Scottish equity partners will sell out its one-third for more than £465 m

to make room for new investors. Its investors include Sequoia, Artemis, Baillie

Gifford, Vitruvian Partners. The purchase is mainly in cash with the remainder

consisting of equity and loans.

Future plans

As per the Ctrips co-founder, Liang Jianzhang ‘current acquisition will strengthen

long-term growth for both the companies and will also compliment for our

positioning in global scale’. Skyscanner and ctrip share the same dedication and

position offering better services to travelers all around the world so this

acquisition will strengthen long-term growth for both companies as Ctrip will

leverage the experience and technology to skyscanners. According to James the

investment will strengthen the situation on the global level and will supply its

customers in all parts of the world. This investment will assist to develop a global

travel ecosystem to serve better to both the existing and potential clients.

About Skyscanner

Skyscanner is topmost leading global travel search site where people are inspired

to book by planning by observing many travel options at the best rates. Over sixty

million people who utilize it every month can trust the comprehensive range of

hotels, flight, and car hire. It is founded in 2003 that employ over eight hundred

staff. The company said that this current acquisition will help a lot to offer many

users a perfect array of options that will combine rail, air, and road travel.

Source: www.skyscanner.net

Skyscanner acquired by Ctrip in £1.4bn (1.74 billion dollars)
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