Britain's fastest-growing tech firm Skyscanner bought by Chinese firm in £1.4bn sell-off

Britain's fastest-growing tech firm Skyscanner bought by Chinese firm in £1.4bn sell-off
 

The Edinburgh-based website, used by 60 million people in 30 languages each month and a so-called “unicorn” – startup companies worth more than $1billion (£800million) – was looking at a possible stock market listing next year.
Skyscanner was set up in 2003, born out of co-founder and chief executive Gareth Williams’s frustration with the “difficult and tedious” process of searching many airline and travel agent websites to find the best flight prices.
Backed by investors including venture capital firm Scottish Equity Partners, California’s Sequoia Capital, and the Malaysian government’s... read more

 
24 November 2016 in Business, Views: 61
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