Priceline To Increase Stake In China’s Ctrip.com

By | December 10, 2015

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Priceline Group (PCLN) and an unnamed “long-term equity investment firm” are going to invest $500 million in China-based online travel agency Ctrip.com (CTRP). Priceline and the unnamed firm plan are buying convertible debt offered by Ctrip, as Priceline looks to increase its stake in the world’s largest outbound travel market, China. Ctrip.com stock, however, was down a fraction in early afternoon trading in the stock market today. Priceline Scalper1 News

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