CTrip £1.4 billion acquisition of Skyscanner

24/11/2016

Public acquisition

Value:

£ 1.4 billion

Dollar value:

$ 1.744 billion

Status:

Announced

Date:

24/11/2016

Overview:

Ctrip has acquired Skyscanner for £1.4 billion.
Ctrip is a Chinese travel agency and became China's biggest international travel site after merging with Qunar in 2015.
Skyscanner is an Edinburgh based flight price comparison site and has around 60 million monthly users.

Sam Duke - Editor

Jurisdictions:

China
Hong Kong SAR
United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Consumer goods and services
Transport

Firms:

Pinsent Masons

Party: Skyscanner (Target)

Lawyers: Alan Diamond, Rosalie Chadwick

Skadden Arps Slate Meagher & Flom

Party: Ctrip.com (Acquirer)

Lawyers: Haiping Li, John Adebiyi

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