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Skyscanner says Khazanah, Yahoo Japan among new investors in company
January 12, 2016 / 6:25 AM / 2 years ago

Skyscanner says Khazanah, Yahoo Japan among new investors in company

KUALA LUMPUR (Reuters) - Travel search engine Skyscanner said Malaysia’s sovereign fund Khazanah Nasional, Yahoo Japan Corp and three other companies would jointly invest about 128 million pounds ($185.9 million) in the company.

A website of Yahoo Japan Corp is seen on a computer screen in Tokyo August 19, 2009. REUTERS/Stringer

Fund manager Artemis, investment groups Baillie Gifford and Vitruvian Partners were the other investors, Skyscanner said in a statement on Tuesday.

The fundraising values Edinburgh-based Skyscanner at $1.6 billion, the Financial Times reported on Tuesday.

The funds raised include both primary and secondary proceeds, Skyscanner said, though it did not disclose how much stake the investors have acquired.

A media report in October had said Scottish Equity Partners, one of the early investors in Skyscanner, was looking to sell a 10 percent stake.

Reporting by A. Ananthalakshmi; Editing by Anand Basu

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