Prosus Is Said to Have Exited Stake in China’s Trip.com
- Internet investing company had been selling over summer
- Exit comes after Walmart sold stake in JD.com last month
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Internet investing firm Prosus NV has sold its entire stake in online travel agency Trip.com in a $743 million block trade, according to people familiar with the matter, becoming the latest international investor to exit a Chinese tech company.
Prosus sold 14.5 million shares in Trip.com at $51.40 each in a block trade launched on Tuesday night in the US, terms of the deal showed. Prosus had been gradually selling shares over the summer, the people said, asking not to be identified as the information isn’t public.