China’s Ctrip.com acquiring travel search website Skyscanner for $1.74 billion

(Reuters) — Ctrip.com International Ltd, China’s biggest online travel company, said on Wednesday it agreed to buy travel search website Skyscanner Holdings Ltd in a deal valuing the Scotland-based company at about 1.4 billion pounds. ($1.74 billion).
Ctrip’s shares were up 9.2 percent at $44.75 in extended trading.
Skyscanner, a result of CEO and co-founder Gareth Williams’ frustration with finding cheap flights, enables users to compare prices from different travel