Goldman Sachs Upgrades Ctrip.com (CTRP) to Buy
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Ctrip (CTRP)/Baidu (BIDU)/Qunar (QUNR) Deal Should Stabilize Pricing and Lead to Profit Growth
October 26, 2015 1:35 PM EDTIn an unusual corporate combination announced this morning, a substantial share swap is occurring between the key competitors in the Chinese travel industry. Baidu is receiving shares of Ctrip in exchange for its stake in Qunar. As a result of the transaction, Baidu (NASDAQ:... More
