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Ctrip received Priceline 500 million USD investment

Source: Internet
Author: User
Keywords Investment Ctrip Priceline big
Tags company convertible convertible bonds ctrip online online travel services
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Absrtact: Priceline, the largest online travel company in the United States, announced that it would invest 500 million dollars in the form of convertible bonds and take up 10% of the shares, while Priceline would carry out a broader resource partnership with Ctrip, Priceline would be responsible for promoting Ctrip's services in the United States, and Ctrip

Priceline, America's largest online travel company, announced that it would invest 500 million dollars in convertible bonds, up to 10%, while Priceline would work with Ctrip on a wider range of resources, Priceline would be responsible for promoting Ctrip's services in the United States, Ctrip will also provide Priceline brand services to its customers, including rentalcars.com and OpenTable services.

After the news issued Ctrip stock price rose 14%.

In the update ...


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