Expedia has stepped up its push to become a one-stop hub for all things vacation and travel with its planned buyout of HomeAway, a vacation-rental company. Expedia announced the purchase of HomeAway for $3.9B on Nov 4, 2015; the largest acquisition by the company to date and an almost 20% premium above HomeAway's share price. Expedia and HomeAway have announced that they have entered into a definitive agreement under which Expedia has agreed to acquire HomeAway, including all of its brands, for an equity value of approximately $3.9 billion in cash and Expedia common stock, representing a per share price for HomeAway shares of $38.31, based on Expedia's closing price on November 3, 2015. NEW YORK (AP) Expedia has stepped up its push to become a one-stop hub for all things vacation and travel with its planned buyout of HomeAway, a vacation-rental company. You know what I think about it? Despite minimal investment in the brand, VRBO sustained strong brand recall and affinity among its biggest fans for years. Approved unanimously by each company's board of directors, Expedia purchased outstanding common stock of HomeAway for approximately $3.9 billion. This story is from November 6, 2015. Item Preview HomeAway has been acquired. Don't Panic, Yet! While HomeAway has been busy dominating the vacation rental industry through acquisitions, Expedia has been doing the same in the wider digital travel sales. Austin, Texas-based HomeAway ( AWAY) is the leader in alternative vacation rentals with. Expedia completed the deal with $1 billion is in cash and the remaining $2.9 billion is stock, paying a 19 percent premium on HomeAway's value at the time the deal was announced. Re: Expedia bought VRBO. Expedia on Wednesday said it would buy HomeAway, an Austin, Texas-based provider of alternative vacation rentals, for $3.9 billion in cash and stock. Is this likely to shake up the Vacation Rental Market? It's a big deal partly because it validates. The offer is valued at about $37.86 a share based on Expedia's closing price on Wednesday. BELLEVUE, Wash. (KCBS) -- Expedia is buying vacation rental site HomeAway for $3.9 billion dollars. HomeAway's many purchases this year (including Seattle based Dwellable just last month), pale compared to Expedia's yearly activity which include massive purchases of Orbitz and Travelocity. Expedia buys vacation rental company in . Q25W-EVCK: HNN - Expedia buys HomeAway in sharing-economy . Despite minimal investment in the brand, VRBO sustained strong brand recall and affinity among its biggest fans for years. Expediathe parent company of Travelocity, Hotels.com, Hotwire.com, and Trivago, yesterday announced it will buy HomeAway in a transaction that will close in the first quarter of 2016. So Expedia just shelled out $3.9 billion to acquire VRBO / HomeAway. The $3.9 billion deal, expected to close in the first quarter of 2016, was announced . Expedia buys HomeAway for $3.9 billion Share this: Click to share on Facebook (Opens in new window) Click to share on Twitter (Opens in new window) . SEATTLE First it was Travelocity, then Orbitz, now Expedia is buying the vacation rental site HomeAway. NEW YORK Expedia has stepped up its push to become a one-stop hub for all things vacation and travel with its planned buyout of HomeAway, a vacation-rental company. Loyalty Traveler - California. 6. SEATTLE First it was Travelocity, then Orbitz, now Expedia is buying the vacation rental site HomeAway. Expedia, the world's largest online travel agency (OTA), agreed to buy vacation rental site HomeAway for about USD $3.9 billion in cash and stock. When HomeAway was bought by Expedia for $3.9 billion, the owners hoped to grow both of the businesses by putting them together and creating something even better, since both platforms could work simultaneously to help out those that use them, both online and in the backend sort of sense. Loyalty Traveler Travels. Things have been getting worse for homeowners over the past few years since Homeaway bought VRBO and Vacationrentals, etc. The $3.9 billion deal an The deal should close in the first quarter of 2016; subject to regulatory approval. Expedia to buy HomeAway for $3.9 billion in cash, stock. The deal was agreed an Expedia equity value of approximately $3.9 billion in cash and Expedia common stock, representing a per share price for HomeAway shares of $38.31, based on Expedia's closing price on November 3, 2015. Later on October 25, 2015, at the instruction of the . It announced on Wednesday that it has entered. At the moment, HomeAway operates off a paid listing business model, with 44% of all transactions still being made offline. Expedia Inc on Wednesday said it agreed to buy vacation rental site HomeAway Inc for about $3.9 billion in cash and stock, in a move that could ramp up competition with apartment-sharing startup . SAN FRANCISCO - Expedia is deepening its travel-company bench with a $3.9 billion purchase of vacation rental site HomeAway. Expedia Buys HomeAway for $3.9B November 05, 2015. Whether you're in the mood for one of those cozy vacation rentals in Orlando, a spacious condo in Myrtle Beach or a cabin in Gatlinburg, there's a rental with your name on it. Yeah B as in billion! It is the largest acquisition in their history. With more than 1 million paid listings in more than 190 countries, Expedia's pending acquisition of HomeAway is a game-changer in that it saves Expedia years of building up its own vacation. The. In a statement, Expedia CEO Dara Khosrowshahi, said the move to buy HomeAway is a "logical. Expedia agreed to pay $3.9 billion to buy vacation rental site HomeAway capping a string of increasingly expensive acquisitions and moving more directly into competition with Airbnb Inc. It believes HomeAway will earn about $350 million in 2018 before interest, taxes, depreciation and amortization, up from $119.3. Now, Bellevue-based Expedia is buying the vacation-rental company HomeAway. 29 reviews. Expedia Travel: Vacation Homes, Hotels, Car Rentals, Flights & More Stays Flights Cars Packages Things to do Cruises 1 room, 2 travelers Going to Check-in Check-out Add a flight Add a car Our app takes you further When you book on the app you can save even more up to 25% on select hotels while earning double the points with every booking. In a statement, Expedia CEO Dara Khosrowshahi, said the move to buy HomeAway is a "logical next step" to its current relationship with the company as it moves to bulk up its alternative vacation . If there were any doubts of this before this year, Expedia's acquisition of Travelocity, then Orbitz, and now HomeAway should put all doubts to rest. BUT now that Expedia has purchased everything that is . In early 2019, VRBO rebranded to Vrbo and introduced a fresh, new logo and pronunciation. Expedia said Wednesday it's paying . Updated: Nov 6, 2015, 12:06 IST By who? SEATTLE First it was Travelocity, then Orbitz, now Expedia is buying the vacation rental site HomeAway. The deal is expected to close in Q1 2016. While this is an attempt . While Expedia now markets hotel rooms, overlapping little with Airbnb, analysts warn competition with the start-up could become fierce by 2018 Expedia to Buy HomeAway for $3.9B, Rises in . HomeAway acquired VRBO in 2006, and Expedia Group acquired HomeAway in 2015. The HomeAway board of directors instructed Mr. Sharples to counter Expedia's proposal at $39 per share and the meeting was then adjourned. 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. NEW YORK Expedia has stepped up its push to become a one-stop hub for all things vacation and travel with its planned buyout of HomeAway, a vacation-rental company. HomeAway acquired VRBO in 2006, and Expedia Group acquired HomeAway in 2015. According to several sources, including the Wall Street Journal, "Expedia Inc. agreed to pay $3.9 billion to buy vacation rental site HomeAway Inc., capping a string of increasingly expensive acquisitions and moving more directly . Expedia (NASDAQ:EXPE) is buying leading vacation rental marketplace HomeAway (NASDAQ:AWAY) for $3.9B in cash and stock, or $38.31/share based on Expedia's Tuesday close. "We have long had our eyes on the fast growing ~$100 billion alternative accommodations space and have been building on our partnership with HomeAway, a global leader in vacation rentals, for two years. Nov 4, 2015 1 min read Business Startups business expedia expedia buys homeaway homeaway startups Austin-based HomeAway sold for $3.9 billion dollars to Expedia today. Expedia expects HomeAway to operate somewhat autonomously. Expedia and HomeAway have entered into a definitive agreement under which Expedia has agreed to acquire HomeAway, including all of its brands, for an equity value of approximately $3.9 billion in cash and Expedia common stock, representing a per share price for HomeAway shares of $38.31, based . If you are in the OTA space, at some point. It's a big number but it might surprise you know that AirBnB is valued about six-times that but suffice it to say, the vacation rental space is booming. The $3.9 billion deal, expected to close in the first quarter of 2016, was announced HomeAway Inc. shares soared 25 percent after Expedia Inc. agreed to acquire the vacation-rental company for $3.9 billion, and investors speculated the bid may prompt a counteroffer from another . Travel booking site Expedia has agreed to buy publicly traded vacation rental company HomeAway for $3.9 billion, the companies announced today. Previous Built in Obsolescence Next Music Contributes 4.1bn to the UK Economy About The Author In 2016, they, HomeAway now Expedia, is set to introduce a traveler service fee of 6 percent. From the article. Deals of the Day is your one-stop-shop for the morning's biggest news from the finance beat, including M&A, IPOs, banks, hedge funds and private equity. "We have long had our eyes on the fast growing $100 billion alternative accommodations space and have been building on our partnership with HomeAway, a global leader in vacation rentals, for two The news came during the Q3 earnings call for HomeAway, which saw a 24.4 percent rise in the its bottom line: $23.5 million in Q3 earnings versus $18.9 million in the same . By Jeffrey Dastin and Ankit Ajmera (Reuters) - Expedia Inc on Wednesday said it agreed to buy vacation rental site HomeAway Inc for about $3.9 billion in cash and stock, in a move that could ramp . More consolidation and competition for the vacation rental market Vacation rental marketplace and chief Airbnb competitor HomeAway announced today that it has been acquired by travel booking site Expedia for $3.9 billion.. New approach under Expedia One of the biggest changes is the introduction of a traveler's fee also referred to as a "service fee." Travelers who book through the HomeAway checkout process are. If you're a vacation rental manager and you happen to live under a rock or without internet access, then you probably missed that Expedia agreed to buy HomeAway.. It is very bad for travelers, and for homeowners who've been advertising on VRBO/Homeaway. Expedia buys HomeAway as industry consolidates Share this: Click to share on Facebook (Opens in new window) . When you book a vacation rental through Expedia, you have access to all kinds of short-term apartments to ensure you find your perfect match. The $3.9 billion deal an Expedia will pay $10.15/share in cash and issue 0.2065 shares for each HomeAway share. Last month, the vacation-planning giant announced it would acquire HomeAway, the Airbnb competitor that lets users search for and book vacation rental properties around the world. Sound familiar? Monterey-Carmel-Big Sur-Santa Cruz; San Francisco; Mountain road trips - Sierra Nevada, Yosemite-Kings Canyon-Sequoia-Mammoth Lakes 64 helpful votes. . What do you think about that? Expedia Buys HomeAway in Sharing-economy Move . Late Wednesday, hotel and travel site Expedia ( EXPE) announced that it had reached an agreement to buy "alternative accommodation" site HomeAway ( AWAY) for $3.9 billion. Expedia Inc. said Wednesday it has agreed to buy HomeAway Inc. for $3.9 billion in cash and stock, adding a vacation rental site to its cache of brands. After years of speculation about whether it would be Expedia, TripAdvisor, the Priceline Group, or Google to purchase HomeAway, Expedia Inc. agreed to acquire the vacation rental giant for $3.9 billion in cash and stock. Online travel-booking company, Expedia Inc. EXPE yet again bolstered its position in the travel market. The $3.9 billion deal, expected to close in the first quarter of 2016, was announced 6 years ago. Last night, the online travel company announced the $3.9 billion cash-and-stock deal to buy HomeAway , a vacation rental service with more than 1 million paid listing and a focus on beach and ski . Nov. 4, 2015 Expedia said it had agreed to acquire HomeAway, adding vacation rentals to its wide swath of online travel booking options. Seattle Times - Expedia buys HomeAway for $3.9 billion, by Coral Garnick, November 4, 2015 Austin, Texas-based HomeAway touts itself as the world leader in vacation rentals, with sites representing more than 1 million paid listings of vacation rental homes in 190 countries. Expedia plans to pay $3.9 billion, or $38.31 a. The transaction will likely close in the first quarter of 2016. Expedia Acquisition Brian Sharples, HomeAway CEO: "Separately, we're thrilled to [] Expedia to Buy HomeAway for $3.9B, Rises in After-Hours Zacks Equity Research November 5, 2015, 1:35 PM Online travel-booking company, Expedia Inc. EXPE yet again bolstered its position in. The $3.9 billion deal, expected to close in the first quarter of 2016, was announced Wednesday and has been. Expedia purchased HomeAway for an equity value of approximately $3.9 billion. But wait there's a twist in the plot of this story. Expedia Buys HomeAway Dec 9, 2015 Daily Expedia is in expansion mode. Expedia will buy each outstanding HomeAway share of common stock for $10.15 in cash and 0.2065 of a share of Expedia common stock. I think it's total B.S., and in my not so humble opinion it represents further owner-unfriendly consolidation of the vacation rental industry as we know it. By Expedia! Expedia buys HomeAway: After years of speculation about whether it would be Expedia, TripAdvisor, the Priceline Group, or Google to purchase HomeAway, Expedia Inc. agreed to acquire the vacation rental giant for $3.9 billion in cash and stock. That represents an 18% premium over HomeAway's last closing price. Bellevue, Wash-based Expedia announced the deal Wednesday, which. the company has an estimated $14 billion to $16 billion in vacation rental bookings* for 2015 and 1.2 million whole-home rentals in 190 countries.
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