The Priceline Group has reached an agreement to invest in Meituan-Dianping for $450m

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.