Tech Industry

Scottish flight site Skyscanner sold to China

UK unicorn Skyscanner has been sold to Ctrip in a deal worth £1.4 billion.

Skyscanner searches the skies for cheap flights and travel deals.
Kent German/CNET

The Edinburgh-based flight comparison company will continue to operate independently after it's taken over by China's Ctrip in a deal worth £1.4 billion (around $1.75 billion or AU$2.3 billion).

"Ctrip and Skyscanner share a common view," said Gareth Williams, co-founder and Chief Executive Officer of Skyscanner, "that organizing travel has a long way to go to being solved. To do so requires powerful technology and a traveler-first approach."

Founded in 2001, Skyscanner has over 50 million users every month searching for cheap deals on flights, hotels, and rental cars. It's one of the UK's "unicorns", a startup worth more than £1 billion.

The deal is announced just days after the conservative government pledged to prevent British companies being sold off.