Summit Research 'Aggressive' Buyers of Ctrip (CTRP); PT Lifted to $122
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The Priceline Group Announces Additional Investment in Ctrip
May 26, 2015 6:00 AM EDTNORWALK, Conn., May 26, 2015 /PRNewswire/ -- The Priceline Group Inc. (NASDAQ: PCLN) today announced that it will invest an additional $250 million in Ctrip.com International, Ltd. (NASDAQ: CTRP) ("Ctrip"), China's leading online travel company. The investment will be made via a convertible bond and Ctrip has granted permission to The Priceline Group to increase its ownership in Ctrip through the acquisition of Ctrip's American depositary shares in the open market so that, when combined with... More
Ctrip Announces Additional Investment by The Priceline Group
May 26, 2015 6:00 AM EDTSHANGHAI, May 26, 2015 /PRNewswire/ -- Ctrip.com International, Ltd. (NASDAQ: CTRP) ("Ctrip") today announced that The Priceline Group Inc. (NASDAQ: PCLN) will invest an additional $250 million in Ctrip. The investment will be made via a convertible bond and Ctrip has granted permission to The Priceline Group to increase its ownership in Ctrip through the acquisition of Ctrip's American depositary... More
Ctrip Acquires Strategic Stake in eLong
May 22, 2015 4:11 AM EDTSHANGHAI, 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
eLong Announces Expedia's Sale of Equity Stake
May 22, 2015 4:04 AM EDTBEIJING, 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
Expedia Announces eLong Transaction
May 22, 2015 4:00 AM EDTBELLEVUE, 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
