Expedia to buy HomeAway for $3.9 billion

  • Associated Press
  • Thursday, November 5, 2015 4:30pm
  • Business

NEW YORK — Travel booking site Expedia said it’s buying short-term rental marketplace HomeAway for $3.9 billion to boost its presence in the vacation rental market.

The Bellevue 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 Inc. said 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.

In after-hours trading, HomeAway’s shares added 22 percent to $39.05. Expedia’s shares rose 2.8 percent to $137.95.

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.