Popular Travel Site Skyscanner sold to China’s Ctrip.com for $1.74 Billion


China’s largest online travel company, Ctrip.com International, will by popular travel search website Skyscanner for $1.74 billion. Scotland-based Skyscanner was co-founded by current CEO Gareth Williams who sought to allow users to easily compare prices for flights, hotels, and rental cars from a variety of sites.

Skyscanner is available in over 30 languages and serve 60 million monthly active users worldwide. Skyscanner was reported to be exploring a sale or an initial public offering and had been valued at $1.6 billion in January when it raised money from investors that included Malaysia’s sovereign fund, Khazanah Nasional, and Yahoo Japan Corp.

According to an announcement from Ctrip, Skyscanner’s current management team will continue to manage its operations independently after the close of the deal by the end of 2016.


 
The Staff

The Staff

Gettin' it done.

Read More

subscribe & get more brand in your diet

newsletter

get more brand in your diet

We never share your info,
we only share ours