Travel firm Skyscanner sold to Chinese site Ctrip in $1.74 billion deal

Edinburgh-based Skyscanner -- a site specializing in price comparison for travellers -- has been bought by its Chinese counterpart Ctrip. The deal values Skyscanner Holdings at $1.74 billion (around (£1.4 billion) and sees the Scottish firm joining China's largest travel site, Ctrip.cn. Despite the sale, Skyscanner says that it will continue to operate as an independent company, and it will continue to help travellers find the best deals for hotels, flights and car rentals. Skyscanner already boasts 60 million monthly users, and is available around the world in more than 30 languages. The deal values the company slightly higher than… [Continue Reading]