HomeAway also said on Wednesday that revenue increased 11.6 percent in the third quarter, to $130.7 million, from the same period a year ago. ", "We could not be more excited about joining the Expedia family of leading travel brands and what this move means for our very bright future," said Brian Sharples, Chief Executive Officer of HomeAway, Inc., noting that the company has been moving toward a fully online bookable marketplace and closer to the type of transactional business model with which Expedia has tremendous experience. In this way, I believe our combination with Expedia will turbocharge our growth and industry leadership for many years to come.". Additional copies may be obtained for free by contacting Expedia's Investor Relations department at (425) 679-3759. The deal, which includes all of HomeAways brands, will be Expedia Inc. today announced that it has agreed to acquire the publicly traded vacation rental service HomeAway and its brands (including VRBO.com) for $3.9 Airbnb has attracted much attention because it is one of the most highly valued private companies, most recently valued by investors at $20 billion. Expedia to Acquire HomeAway for $3.9 Billion. Neither Expedia nor HomeAway undertakes any obligation to update the forward-looking statements to reflect subsequent events or circumstances, except as required by law. "We're eager to benefit from Expedia's distribution, technology and expertise, which will allow us to provide an even better product and service experience for our owners, property managers and travelers. Read full article. Expedia will acquire all outstanding shares of HomeAway common stock for $10.15 in cash and 0.2065 per share of Expedia common stock. For more information about HomeAway, please visit www.HomeAway.com. The forward-looking statements included in this press release are made only as of the date hereof. Expedia Group: HomeAway was a vacation rental marketplace. HomeAway, which focuses on vacation rentals, has recently existed largely in the shadow of Airbnb, even though their businesses are somewhat different. Expedia Group Inc.s 2015 purchase of HomeAway, meant to help it compete with online home-rental upstart Airbnb Inc., is finally starting to pay off. The Boards of Directors of both companies unanimously approved the transaction, which remains subject to customary closing conditions, including regulatory approvals and the tender of a majority of the outstanding shares of HomeAway common stock. Founded in February 2005 and headquartered in Austin, Texas, the company became a publicly traded company in 2011. Traditionally, HomeAway generated revenue by charging property owners to list their rentals. BELLEVUE, Wash., Dec. 15, 2015 /PRNewswire/ -- Expedia, Inc. (NASDAQ: EXPE) announced today it has completed its acquisition of HomeAway, Inc., including all of its brands. Nov 4 -- Bloombergs Cory Johnson reports on Expedia acquiring HomeAway with Emily Chang on Bloomberg West. (Source: Bloomberg) The exchange offer materials and theSolicitation/Recommendation Statement will be made available for free at the SEC's website at www.sec.gov. THE EXCHANGE OFFER MATERIALS (INCLUDING AN OFFER TO EXCHANGE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER EXCHANGE OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT WILL CONTAIN IMPORTANT INFORMATION. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares, nor is it a substitute for any offer materials that Expedia, Inc. ("Expedia") and its acquisition subsidiary will file with the U.S. Securities and Exchange Commission ("SEC"). BELLEVUE, Wash. and AUSTIN, Texas , Nov. 4, 2015 /PRNewswire/ -- Expedia, Inc. , and HomeAway, Inc. , announced today 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 from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, http://photos.prnewswire.com/prnh/20150123/170969LOGO, http://photos.prnewswire.com/prnh/20151104/283930LOGO. Expedia acquires HomeAway.
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