Scalper1 News
Ctrip International (CTRP) and Expedia (EXPE) both stand to benefit from the latter’s sale of its eLong (LONG) stake, analysts say, and shares of all three are taking off Friday. Expedia said it has shed its 62.4% majority stake in the struggling Chinese OTA eLong for $671 million. Ctrip picked up a 37.6% stake in eLong for about $400 million, the company said in a separate release. Ctrip and Expedia said they will “allow their respective Scalper1 News
Scalper1 News