Ctrip.com Acquires eLong Shares

Ctrip.com Acquires eLong Shares

Ctrip.com International, a provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel in China, has acquired a 37.6% stake in eLong for $400 million. The deal, which closed on May 22, saw Ctrip acquire shares from eLong shareholders including Expedia, who had majority stake (62.4%) in the Chinese booking company.

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