Interesting -- this may be the largest foreign acquisition by a Chinese internet company to date? Largest I'm aware of was Riot Games by Tencent, which was on the order of $400 million.
Tencent also bought Supercell for $8.6 billion.
Skyscanner acquired by Ctrip for $1.7B
31–40 of 87 posts
Re: Skyscanner acquired by Ctrip for $1.7B
#32Skyscanner is based in Edinburgh, with another large office in Glasgow. This is huge news for the Scottish tech scene, and will hopefully bring much needed cash to help it thrive. There's a lot of interesting stuff happening here in all types of tech. Sadly Scotland's other unicorn, FanDuel, looks set to close its hq in Edinburgh after merging with draft kings. However, that will probably release a lot of talent to h…
> happening here Does that mean you're living there? I'm curious what the prospects are like there. There's been more discussion lately about us Americans looking for work abroad. My wife is finally on board with making a move out of the US as a family, so I'm glad it's being discussed more.
Re: Skyscanner acquired by Ctrip for $1.7B
#33Earlier quoted context omitted.
So if Twitter were bought by a Chinese company it would be the same as being bought by a British company?
I have a hard time understanding what's implied by questions like this, particularly in online forums. I'd rather not assume, as that could easily lead to misunderstanding. In the interest of discussion, would you say what you mean rather than make me guess?
Re: Skyscanner acquired by Ctrip for $1.7B
#34Earlier quoted context omitted.
I have a hard time understanding what's implied by questions like this, particularly in online forums. I'd rather not assume, as that could easily lead to misunderstanding. In the interest of discussion, would you say what you mean rather than make me guess?
Hard to believe you're so unaware about the world that you'd write that unironically.
Why is it hard for you to say what you mean instead of making snarky implications? Given your responses so far, I'm not hopeful that this thread is likely to be constructive. Be well.
Re: Skyscanner acquired by Ctrip for $1.7B
#35Do they use ITA as their back end software?
Re: Skyscanner acquired by Ctrip for $1.7B
#36From about 2005-2009 I founded a hotel reservation platform in direct competition to CTrip and ELong, both of whom were already Nasdaq listed with deep pockets. I successfully grew the business to the same network size as the competitors on a shoestring budget through automation, undercutting them on almost every property, and even offered services in six human languages (they almost managed 2). We received rave revi…
So it's hotels only? No flights, cars etc?
Re: Skyscanner acquired by Ctrip for $1.7B
#37From about 2005-2009 I founded a hotel reservation platform in direct competition to CTrip and ELong, both of whom were already Nasdaq listed with deep pockets. I successfully grew the business to the same network size as the competitors on a shoestring budget through automation, undercutting them on almost every property, and even offered services in six human languages (they almost managed 2). We received rave revi…
> From about 2005-2009 I founded a hotel reservation platform in direct competition to CTrip and ELong So it's hotels only? No flights, cars etc?
Re: Skyscanner acquired by Ctrip for $1.7B
#38Re: Skyscanner acquired by Ctrip for $1.7B
#39Skyscanner is based in Edinburgh, with another large office in Glasgow. This is huge news for the Scottish tech scene, and will hopefully bring much needed cash to help it thrive. There's a lot of interesting stuff happening here in all types of tech. Sadly Scotland's other unicorn, FanDuel, looks set to close its hq in Edinburgh after merging with draft kings. However, that will probably release a lot of talent to h…
Yes this really is phenomenal news for Scotland. Here's hoping they were generous with stock and we see a new wave of angel investors emerge. According to https://angel.co/skyscanner-2 they last raised almost 200m at a 1.6b valuation. I wonder what kind of terms were attached to that. I'm guessing investors will have walked away with a pretty large chunk of the sale.
Re: Skyscanner acquired by Ctrip for $1.7B
#40From about 2005-2009 I founded a hotel reservation platform in direct competition to CTrip and ELong, both of whom were already Nasdaq listed with deep pockets. I successfully grew the business to the same network size as the competitors on a shoestring budget through automation, undercutting them on almost every property, and even offered services in six human languages (they almost managed 2). We received rave revi…