China’s Ctrip, the second largest online travel agency in the world, has announced it has agreed to buy flight-metasearch engine Skyscanner for $1.74 billion.

Skyscanner’s latest round of funding valued it at $1.6 billion, and Ctrip stated it was buying out the majority shareholder of Skyscanner and would offer to buy the stake of the rest of the shareholders.

 

Skyscanner attracts more than 60 million monthly active users in 30 language.

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