Skyscanner acquired by Ctrip for $1.7B

This is great news for skyscanner. Unfortunately, the media in the UK will go all nativist and claim that Britain is being sold out to foreign countries, as they did with ARM.

Re: Skyscanner acquired by Ctrip for $1.7B

#7

Post by stewhuk » Thu, Nov 24, 2016, 1:18 AM UTC

Skyscanner 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 help smaller co's

Re: Skyscanner acquired by Ctrip for $1.7B

#8

Post by kowdermeister » Thu, Nov 24, 2016, 1:35 AM UTC

I had to double check the number. Never thought that Skyscanner was this profitable.

Re: Skyscanner acquired by Ctrip for $1.7B

#9

Post by welly » Thu, Nov 24, 2016, 1:36 AM UTC

garagemc2 wrote: post #6

This is great news for skyscanner. Unfortunately, the media in the UK will go all nativist and claim that Britain is being sold out to foreign countries, as they did with ARM.

Yep. I can see it now...

"Scottish technology firm Skyscanner sells out to foreign interests".

vs.

"British technology firm Skyscanner does something the media sees in a positive light"

Re: Skyscanner acquired by Ctrip for $1.7B

#10

Post by jpatokal » Thu, Nov 24, 2016, 1:48 AM UTC

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.