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Expedia sells stake in Chinese travel service

2015-05-22 18:59:50| Apparel - Topix.net

Expedia sold its entire stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly $671 million. Before the market opened, Bellevue, Washington-based Expedia said that it had sold its 62.4 percent share in eLong to a group that includes Ctrip.com International Ltd., Keystone Lodgings Holdings Ltd., Plateno Group Ltd. and Luxuriant Holdings Ltd. The company said the transaction closed Friday.

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