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Skyscanner Sold to China Firm for £1.4bn

Skyscanner Sold to China Firm for £1.4bn

 Skyscanner has been bought by Ctrip, China’s biggest online travel firm, for £1.4bn.

Skyscanner’s headquarters is in Edinburgh and the site is available in more than 30 languages with about 60 million monthly active users.

The company was set up to let users compare prices from different travel sites when searching for flights, hotels and rental cars. It was set up in 2003 by a group of Manchester students.

Skyscanner said it would continue to run independently with the same management team.

Ctrip was founded in 1999 and is known for being China’s best-known travel business.

James Jianzhang Liang, co-founder and executive chairman of Ctrip, said the deal would “strengthen long-term growth drivers for both companies”.

He added:  "Skyscanner will complement our positioning at a global scale and Ctrip will leverage our experience, technology and booking capabilities".

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