BEIJING, May 22, 2015 /PRNewswire/ -- eLong, Inc.
(Nasdaq: LONG), a leading online travel company in China (the "Company" or "eLong"), today
announced the sale by Expedia, Inc. (NASDAQ: EXPE) ("Expedia"), the
largest shareholder of the Company, of its 62.4% ownership interest
in the Company held through its wholly owned subsidiary. Expedia
informed eLong that, on May 22, 2015,
all of the ordinary shares Expedia owned were sold at an
average price of US$14.63 per share
(equivalent to an average price of US$29.27 per ADS) to
several purchasers based in China,
including C-Travel International, Ltd. (a wholly owned subsidiary
of Ctrip.com International, Ltd. (NASDAQ: CTRP)), Keystone
Lodging Holdings Limited, Plateno Group Limited and Luxuriant
Holdings Limited.
About eLong, Inc.
eLong, Inc. (Nasdaq: LONG) is a leader in mobile and online
accommodations reservations in China offering consumers a network of
approximately 510,000 properties worldwide. eLong technology
enables travelers to book hotels, guesthouses, apartments and other
accommodations, as well as air and train tickets, through
convenient mobile and tablet applications (m.eLong.com), websites
(www.eLong.com), 24 hour customer service, and easy to use tools
such as destination guides, maps and user reviews.
For further information, please contact:
eLong, Inc.
Investor Relations
ir@corp.elong.com
+86-10-6436-7570
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SOURCE eLong, Inc.