CTRIP Could See Possible Deal with Qunar and Allegiant Travel Company Upgraded by Deutsche Bank
Ctrip.com International Ltd. (NASDAQ: CTRP) shares rose higher after Bloomberg News reported that the company is in talks with Baidu Inc.’s travel website Qunar about a possible merger. The two companies are also considering other options, including a partnership. According to the report, these talks are in an early stage and could fall apart without a deal. Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, ticketing services, packaged tours, and corporate travel management in China. It also offers independent leisure