Skadden, Arps, Slate, Meagher & Flom and Paul, Weiss, Rifkind, Wharton & Garrison have the lead roles on a $3.4 billion deal that will see China’s two largest tavel-booking websites merge.
In a deal announced on Monday, Ctrip.com International Ltd. and Qunar Cayman Islands Ltd. agreed to combine through a share swap arrangement. Baidu Inc., Qunar’s largest shareholder, will own 25 percent of Ctrip, while Ctrip will hold a 45 percent stake in Qunar.
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