Complex, US$ 2.5 Bln Deal Gives Baidu One-Quarter of Ctrip

(Beijing) – A recent deal has made search giant Baidu Inc. the largest shareholder in the online travel firm Ctrip.com International Ltd., the firms said in statements on October 26.

Baidu bought newly issued Ctrip shares to take 25 percent of the firm, paying the travel company with shares in Qunar.com Information Technology Co. Ltd. The deal gives Ctrip 45 percent of Qunar, another travel-booking site.