CTrip.com acquisition of Qunar Cayman Islands

5/10/2015

Swaps

Value:

$ 4 billion

Status:

Completed

Date:

5/10/2015

Overview:

Baidu, a search engine, exchanged 178,702,519 Class A ordinary shares and 11,450,000 Class B ordinary shares of Qunar, an online travel company, for 11,488,381 newly-issued ordinary shares of Ctrip, a travel services company.
Ctrip now owns 45% of Qunar, and Baidu owns 25% of Ctrip.

Rani Mehta - Journalist

Jurisdictions:

United States
Hong Kong SAR

Deal type:

Swaps

Practice area:

M&A

Industry sector:

Consumer goods and services

Firms:

Paul Weiss Rifkind Wharton & Garrison

Party: Baidu (Acquirer, Seller)

Lawyer: Greg Liu

Ropes & Gray

Party: Qunar (Target)

Skadden Arps Slate Meagher & Flom

Party: Ctrip.com (Seller, Acquirer)

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