Scalper1 News
Ctrip.com International (CTRP) said on Wednesday that it’s no longer interested in pursuing a merger with Qunar Cayman Islands (QUNR) after the China online travel company rejected its offer. Qunar disclosed the unsolicited offer from Ctrip to acquire all outstanding shares when it posted first-quarter earnings late Monday. Qunar, majority owned by China online search leader Baidu (BIDU), also disclosed that private equity firm Silver Lake Scalper1 News
Scalper1 News