Priceline and an unnamed long-term equity firm have each agreed to invest $500 million in the Chinese company via convertible bonds, totalling $1 billion. Once completed, Priceline could own as much as 15% of Ctrip.
from HOTELMARKETING.COM http://ift.tt/1IJa4qG
Friday, December 11, 2015
Ctrip nabs another $1 billion from Priceline and other investors
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