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Ctrip plans to take equity swaps to buy 65% Art Dragon shares held by Expedia, USA

Source: Internet
Author: User
Keywords Ctrip
Tags american online art dragon company ctrip financial financial site market market value
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　Phoenix Science and technology news Beijing time July 4, according to the financial site Seeking Alpha reported, industry insiders said, Ctrip (NASDAQ:CTRP) plan to take equity swaps in the form of American online travel company Expedia Holdings of the 65% Art Dragon (Nasdaq:long) shares.

The deal is valued at 800 million to 1 billion dollars for the art dragon. The Art Dragon currently has a market value of 754 million dollars. Expedia's 65% stake in the Art Dragon holds 82.4% of the vote. Tencent has 15% of the voting rights of the art Dragon.

Ctrip and Tencent have invested in two companies, one of which is the same journey, Ctrip invested 200 million dollars in the company. (Compiling/Xiao Yu)

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