Leading Chinese online travel agent Ctrip has bought travel meta-search site Skyscanner for about 1.4 billion pounds from its private equity owners.
“This acquisition will strengthen long-term growth drivers for both companies,” said James Jianzhang Liang, co-founder and Executive Chairman of Ctrip.
“Skyscanner will complement our positioning at a global scale, and we will leverage our experience, technology and booking capabilities to help Skyscanner.”
He said Skyscanner’s current management team will stay on while the company will operate independently as part of the Ctrip group.
Based in Edinburgh, Skyscanner has 60 million monthly active users who use the it to search for the best travel deals on hundreds of paid partner sites.