Ctrip nabs another billion from Priceline and other investors

Priceline and an unnamed long-term equity firm have each agreed to invest $500 million in the Chinese company via convertible bonds, totalling $1 billion. Once completed, Priceline could own as much as 15% of Ctrip.

Source: Hotel Marketing
Ctrip nabs another billion from Priceline and other investors

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