Chinese Stake Grows As Priceline Ups Ctrip Share

It’s just been revealed that Priceline’s stake in Chinese OTA Ctrip is now at 11.5% and worth USD1.9bn. Seeking Alpha says, “last year Priceline struck a deal to buy up to a 10% stake in Ctrip, partly through a $500M convertible bond, while this May it committed to invest another $250M”. See note.

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