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Ctrip acquires Skyscanner in £1.4bn deal

Ctrip acquires Skyscanner in £1.4bn deal International has signed a definitive agreement with the majority shareholders of Skyscanner under which the Chinese company will take control of the company. The terms of the acquisition value Skyscanner at approximately £1.4 billion. Skyscanner’s current management team will continue to manage Skyscanner’s operations independently as part of the Ctrip group.