Sources trip.com ctrip 1.09b hong
Sources trip.com ctrip 1.09b hong, one of China’s leading online travel agencies, has acquired Trip.com for $1.09 billion in Hong Kong. The deal, which was announced in November 2019, has now been completed, making Ctrip the majority shareholder of Trip.com.
Under the terms of the deal, Ctrip has acquired a 49% stake in Trip.com, with the option to increase its stake to 100% in the future. The acquisition will allow Ctrip to expand its presence in the global travel market and provide more services to its customers.
The acquisition of Trip.com expected to have a significant impact on the travel industry, as it will create a powerful new player in the market. The combined company will have a strong presence in China and other key markets around the world, and will be able to offer a wider range of travel services to its customers.
The acquisition of Trip.com is part of Ctrip’s strategy to expand its global footprint. And become a leading player in the travel industry. The company has already made several other acquisitions in recent years. Including Skyscanner and MakeMyTrip, and expected to continue to pursue growth opportunities in the future.
The acquisition of Sources trip.com ctrip 1.09b hong is a significant development in the travel industry. As it creates a powerful new player in the market. The deal expected to have a major impact on the industry. As it will allow the combined company to offer a wider range of travel services to its customers. And expand its presence in key markets around the world. With Ctrip’s continued focus on growth and expansion. It will be interesting to see what other acquisitions and partnerships the company pursues in the future.