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Booking sells $106M Trip.com stake; United may resume China flights | Daily Brief

2020/4/9 16:28:58
Booking Holdings reported on April 7 that it sold 4,500,000 ADSs of Trip.com Group through an affiliated firm at USD 23.45 per ADS in the open market from March 23 to April 3, 2020. The total value of the transaction was more than USD 105.5 million. The world's largest online travel group now holds a 4.93% stake in its major Chinese counterpart, over 3 percentage points lower than its previous shareholding of around 8% of Trip.com Group as of February 28, 2019.