mike

ISSUE – Nov. 28 | Skyscanner CEO discusses why he just sold his company for $1.7 billion

Big news emerged from M&A land earlier this morning, when travel search giant Skyscanner revealed it had been acquired by one of China’s biggest online travel companies, Ctrip, in a deal worth £1.4 billion (USD$1.74 billion). Founded out of Edinburgh, Scotland in 2003, Skyscanner is one of the world’slargest travel search engines, by traffic, with 50 million monthly users. It has also been an entirely independent company, unlike fellow travel search giants — such as Kayak, which was acquired by Priceline in 2012.  And it had taken on very little outside investment before it finally sucked up £128 million (USD$192 million) late last year — an event that elevated the startup into the limelight as a “unicorn.”

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