Travel search engine giant Skyscanner revealed today that it is to be acquired by one of China’s biggest online travel companies in a deal worth £1.4 billion (USD$1.74 billion). Skyscanner had raised the first significant round of funding in its 12-year history last December, sucking up £128 million (USD$192 million) at a valuation of $1.6 billion.
Last week, news emerged that fantasy sports titans FanDuel and DraftKings are to merge, as a way of cutting down on legal costs and advertising spending. Both companies were already valued at more than $1 billion, which conferred on them their much-coveted “unicorn” status.
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