Deal of the day
China’s biggest online travel company has snapped up travel search website Skyscanner in a deal worth £1.4bn.
Ctrip.com International is buying the Scotland-based Skyscanner which previously had ambitions to float.
Skyscanner’s website serves 60m monthly active users and is available in more than 30 languages.
Ctrip co-founder and executive chairman Liang Jianzhang said: “This acquisition will strengthen long-term growth drivers for both companies. Skyscanner will complement our positioning at a global scale.”
Gareth Williams, chief executive of Skyscanner, said: “Ctrip is the clear market leader in China and a company we can learn a huge amount from.”
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