Art Dragon's biggest shareholder, Expedia, says rumors that it will sell the Art Dragon's 65% stake are inaccurate

The big shareholder of Art Dragon, Expedia, said in Monday that rumors that it would sell the 65% per cent of the art dragon were inaccurate. In the past two weeks, the market has been rumoured to have planned to acquire 65% of the Art Dragon shares in Expedia, a deal in which the value of the Art Dragon will be 800 million to 1 billion dollars

The big shareholder of the Art Dragon, Expedia, said in Monday that rumors that it would sell the 65% per cent of the art dragon were inaccurate.

In the past two weeks, the market has been rumored to have planned to acquire the 65% per cent of Expedia Holdings, a deal in which the value of the art Dragon will be between 800 million and 1 billion dollars. Affected by this news, art Dragon shares rose more than 60%.

Expedia responded by saying that it did not comment on market rumours about the company's business in accordance with company policy, but that "Expedia plans to maintain the identity of the Art Dragon Investor for a long time and to support the development of the art Dragon as China's leading travel site." ”

Expedia, which recently launched a series of acquisitions, bought an Australian online travel agent, Wotif.com, 658 million dollars over the weekend and last month received a European car-rental booking company, Auto Escape Group, which was not disclosed.

At present, 65% of Expedia Holdings is the largest shareholder of the Art Dragon, Tencent is the second largest shareholder of the Art Dragon, holding 15%. 2013 Art Dragon lost 168 million yuan a year.