Chinese Booking Site Qunar Bulks Up With $500 Million Investment Led by Silver Lake
Skift Take
It is no surprise the Qunar has not raised a white flag in reaction to Ctrip's maneuverings. With an injection of $500 million, let the games continue.
[UPDATE: In Qunar's first quarter of 2015 earnings announcement it stated that it rejected an offer from Ctrip to acquire all of its outstanding shares.
"After careful consideration of such offer, we declined to pursue it in a letter response dated June 1, 2015," Qunar stated. "However, consistent with our policy to consider all potential strategic opportunities that may benefit our company and our shareholders, we remain open to engaging in further discussions with Ctrip a
