(Yicai Global) Nov.24 -- Ctrip.com International Ltd. [NASDAQ:CTRP], China's largest tourist website, plans to acquire Skyscanner Ltd., a British online travel agent valued at EUR1.4 billion (USD1.5 billion).
Founded in 2001, the Edinburgh-based company has about 60 million monthly active users. Its major business is concentrated in Europe.
In accordance with the acquisition agreement, Ctrip will complete the transaction through cash, ordinary shares of Ctrip and bonds. The existing managers of Skyscanner will continue to independently operate the company. The acquisition deal will be completed by the end of the year.