Ctrip plans to buy 65% of art Dragon shares

Recently, according to foreign media reports, a person in the industry informed the Seekingalpha website, said Ctrip plans to buy us online travel company Expedia Holdings of the 65% Art Dragon Stake, the deal on the value of the art Dragon will be between 800 million to 1 billion U.S. dollars.

Art Dragon Net market value of about 754 million U.S. dollars, Expedia has the art Dragon 65% of the equity and 82.4% of the voting rights, Tencent currently has art Dragon net 15% voting rights, is the second largest shareholder of Art Dragon Net.

Ctrip plans to buy shares in rival art Dragons through a swap deal that will be valued at 800 million to 1 billion dollars, according to the person familiar with the matter.

Ctrip in the first half of this year has followed Tencent's investment in the same process, the latter operating an online travel website ly.com, Ctrip also shares a rival to the cattle. In just a few months time, the pattern of the online travel market has changed very much.