Wednesday, November 4, 2015

Expedia Acquires HomeAway For $3.9 Billion

Bellevue, Washington-based Expedia and vacation rental marketplace HomeAway said Wednesday afternoon that Expedia has agreed to pay $3.9 billion in cash and stock for HomeAway. Expedia said it would pay roughly $38.31 per share of HomeAway stock, divided between $10.15 in cash and 0.2065 shares of Expedia common stock. The deal has been approved by the boards of both of the companies. The two companies--who had been partnered for the last two years--said the move would help HomeAway shift from a classified marketplace to an online, transactional model.