A $3.9 billion purchase of HomeAway allows Expedia to get in the vacation rental market along with Airbnb. HomeAway Inc., capping a string of increasingly expensive acquisitions and moving more directly into competition with Airbnb Inc. HomeAway was $35 per share on October 8 and Expedia temporarily walked away from the negotiations four days later when HomeAway countered that it wanted a number in the $40s.
Travel booking site Expedia has agreed to buy publicly traded vacation rental company HomeAway for $3. After disclosing a huge acquisition agreement with Expedia Inc.
Friday after the online vacation rental specialist on Thursday announced weaker-than-expected first-quarter results and executive leadership changes. Expedia Inc on Wednesday said it agreed to buy vacation rental site HomeAway Inc for about $3.
Bringing HomeAway into the Expedia family and adding its leading brands to our portfolio of the most trusted brands in travel is a logical next step.
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