advertisement
advertisement
advertisement

Flight search company Skyscanner acquired by China’s Ctrip

Skyscanner, the Scotland-based flight search company, has been acquired by China’s Ctrip for roughly $1.74 billion.

In January, Skyscanner raised $192 million in funding, valuing it at $1.6 billion. The company was expected to pursue an IPO in 2017. In a video statement, Skyscanner’s cofounder and CEO, Gareth Williams, said that by joining forces with Ctrip, Skyscanner was going to be “a step closer to making travel simple.” The two companies are expected to continue to operate independently.

EP