Announced
Financials
Sources
Tags
E-commerce
multi e-commerce provider
e-commerce
Public
Friendly
Acquisition
Single Bidder
Pending
China
Synopsis
The Priceline Group (U.S.) in its agreement to invest $450 million in Meituan-Dianping (China) through the purchase of preferred shares. In addition, agoda.com, one of Priceline’s primary brands, has agreed to enter into a new commercial relationship with Meituan-Dianping. The transactions were announced on in connection with Meituan-Dianping’s announcement that it had closed a $4 billion funding round.
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