Raymond James Upgrades Ctrip.com (CTRP) to Strong Buy
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May 22, 2015 4:11 AM EDT
SHANGHAI, May 22, 2015 /PRNewswire/ -- Ctrip.com International, Ltd. (NASDAQ: CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China ("Ctrip" or the "Company") today announced its investment in eLong, Inc. (NASDAQ: LONG) ("eLong") through acquiring eLong shares from certain selling shareholders, including Expedia, Inc. (NASDAQ:... More
May 22, 2015 4:04 AM EDT
BEIJING, May 22, 2015 /PRNewswire/ --Â eLong, Inc. (Nasdaq: LONG), a leading online travel company in China (the "Company" or "eLong"), today announced the sale by Expedia, Inc. (NASDAQ: EXPE) ("Expedia"), the largest shareholder of the Company, of its 62.4% ownership interest in... More
May 22, 2015 4:00 AM EDT
BELLEVUE, Wash., May 22, 2015 /PRNewswire/ -- Expedia, Inc. (NASDAQ: EXPE) today announced that Expedia has sold its 62.4% majority stake in eLong, Inc. (NASDAQ: LONG) to several purchasers based in China, including Ctrip.com International, Ltd. (NASDAQ: CTRP), Keystone Lodging Holdings Limited, Plateno Group Limited and Luxuriant Holdings Limited for a total purchase price of approximately $671 million.
In addition, Expedia and Ctrip have agreed to cooperate with each other to... More
