Biography Ctrip plans to acquire 65% stake in eLong

According to foreign media reports, an industry insider recently revealed to Seekingalpha website, said Ctrip plans to acquire the United States online travel company Expedia held by 65% ​​eLong shares, the deal The valuation of eLong will be 800 million to 1 billion US dollars between.

At present, eLong has a market capitalization of about 754 million U.S. dollars. Expedia owns 65% of the shares and 82.4% of the voting rights of eLong. Tencent currently owns 15% of the voting rights of eLong and is the second largest shareholder of eLong.

According to the informed source, Ctrip plans to acquire the shares of its competitor E-Dragon through a convertible exchange transaction, and the deal will estimate Eilong at between 800 million and 1 billion U.S. dollars.

Ctrip twice in the first half of this year to follow Tencent investment in the same way, the latter operating online travel site LY.com, Ctrip also shares another competitor way cattle. In just a few months time, the pattern of online travel market has undergone tremendous changes.

(Westerly)