Post by High Priestess on Nov 5, 2015 15:39:31 GMT
See here for news about the buyout of HomeAway by Expedia:
www.cnbc.com/2015/11/05/expedia-to-buy-homeaway-for-39-billion.html
Travel booking site Expedia says it's buying short-term rental marketplace HomeAway for $3.9 billion to boost its presence in the vacation rental market.
The Bellevue, Washington, company said Wednesday it's paying roughly $38.31 in cash and stock for each share of HomeAway, of Austin, Texas.
Both companies' boards have approved the deal, which they expect to close next year.
HomeAway says it has more than 1 million paid listings of vacation rental homes in 190 countries. Along with its namesake site, Expedia Inc.'s portfolio also includes Hotels.com, Orbitz and Travelocity.
www.cnbc.com/2015/11/05/expedia-to-buy-homeaway-for-39-billion.html
Travel booking site Expedia says it's buying short-term rental marketplace HomeAway for $3.9 billion to boost its presence in the vacation rental market.
The Bellevue, Washington, company said Wednesday it's paying roughly $38.31 in cash and stock for each share of HomeAway, of Austin, Texas.
Both companies' boards have approved the deal, which they expect to close next year.
HomeAway says it has more than 1 million paid listings of vacation rental homes in 190 countries. Along with its namesake site, Expedia Inc.'s portfolio also includes Hotels.com, Orbitz and Travelocity.