Expedia has bought the vacation rental marketplace HomeAway, it has been revealed. Expedia acquires HomeAway. Additional Information and Where to Find ItThe exchange offer referenced in this communication has not yet commenced. 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. Under the terms of the transaction, Expedia will offer to acquire each outstanding share of common stock of HomeAway in exchange for $10.15 in cash and 0.2065 of a share of Expedia common stock. Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Expedia’s Acquisition of VRBO and HomeAway – owner beware! "We are thrilled to enter the fast-growing, ~$100 billion alternative accommodations space with HomeAway® on our side," said Dara Khosrowshahi , Chief Executive Officer, Expedia, Inc. The company did not disclose details but said it was expected to add an average of 6 percent to most transactions. Expedia, Inc., (NASDAQ: EXPE) and HomeAway, Inc., (NASDAQ: AWAY) announced today that they have entered into a definitive agreement under which Expedia has agreed to acquire HomeAway… So it wasn't the Priceline Group after all - Expedia has announced its intention to buy vacation rental brand HomeAway for $3.9 billion. BELLEVUE, Wash. and AUSTIN, Texas, Nov. 5, 2015 -- Expedia, Inc., (NASDAQ: EXPE) and HomeAway, Inc., (NASDAQ: AWAY) 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, Founded in February 2005 and headquartered in Austin, Texas, the company became a publicly traded company in 2011. Expedia Group: HomeAway was a vacation rental marketplace. The deal includes an equity value of about $3.9 billion in cash and Expedia common stock, which represents a per-share price for HomeAway share of $38.31. 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 … These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties' control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to the ability of the parties to consummate the proposed transaction on a timely basis or at all and the satisfaction of the conditions precedent to consummation of the proposed transaction, including majority of HomeAway's shares being validly tendered into the exchange offer, the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Expedia to successfully integrate HomeAway's operations; the ability of Expedia to implement its plans, forecasts and other expectations with respect to HomeAway's business after the completion of the transaction and realize expected synergies; business disruption following the merger; the proposed transaction may not be completed on the timeframe expected or at all; and the other risks and important factors contained and identified in Expedia's and HomeAway's filings with the Securities and Exchange Commission (the "SEC"), such as their respective Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K, any of which could cause actual results to differ materially from the forward-looking statements, the Tender Offer Statement on Schedule TO (including the offer to purchase, the letter of transmittal and other documents relating to the tender offer) to be filed by Expedia and its acquisition subsidiary, the registration statement on Form S-4 to be filed by Expedia, and the Solicitation/Recommendation Statement on Schedule 14D-9 to be filed by HomeAway. Expedia said it had agreed to acquire HomeAway, adding vacation rentals to its wide swath of online travel booking options. HomeAway also plans to lower commission rates for these pay-per-booking customers. Under the terms of the transaction, Expedia will offer to acquire each outstanding share of common stock of HomeAway in exchange for $10.15 in cash and 0.2065 of a share of Expedia common stock. USD 3.9 BN DEAL - EXPEDIA TO ACQUIRE HOMEAWAY, INC. EXPEDIA TO ACQUIRE HOMEAWAY, INC. BELLEVUE, WA and AUSTIN, TX, November 4, 2015 – Expedia, Inc., (NASDAQ: EXPE) and HomeAway, Inc., (NASDAQ: AWAY) announced today that they have entered into a definitive agreement under which Expedia has agreed to acquire HomeAway, including all of its … 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. Airbnb allows people to rent out their homes or apartments on a short-term basis, while HomeAway focuses on vacation rentals. At the time the exchange offer is commenced, Expedia and its acquisition subsidiary will file a tender offer statement on Schedule TO, Expedia will file a registration statement on Form S-4, and HomeAway will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the exchange offer. Expedia, born almost 20 years ago within Microsoft, has amassed a nearly $18 billion market valuation from buying other travel-booking brands. Bellevue-based Expedia (Nasdaq: EXPE) on Wednesday announced plans to acquire vacation rental company HomeAway for $3.9 billion. With our expertise in powering global transactional platforms and our industry-leading technology capabilities, we look forward to partnering with them to accelerate their shift from a classified marketplace to an online, transactional model to create even better experiences for HomeAway's global traveler audience and the owners and managers of its 1.2 million properties around the world. CST: 2029030-50. HomeAway and Expedia. The deal, which includes all of HomeAway’s brands, will be … 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. 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"). In conjunction with the deal announcement, HomeAway said it was changing its business model to charge travelers a fee, based on a sliding scale. Expedia, Inc is set to acquire Austin-based vacation rental site, HomeAway Inc. and its brands. Neither Expedia nor HomeAway undertakes any obligation to update the forward-looking statements to reflect subsequent events or circumstances, except as required by law. For corporate and industry news and views, visit us at www.expediainc.com or follow us on Twitter @expediainc. Traditionally, HomeAway generated revenue by charging property owners to list their rentals. "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. The forward-looking statements included in this press release are made only as of the date hereof. HomeAway's stock was up 22% in after hours trading on the news, while Expedia shares were down at the close 1.63% to $134.17. Expedia and HomeAway's filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov. HomeAway has been part of the Expedia travel group since 2015. The HomeAway portfolio includes the leading vacation rental websites HomeAway.com, VRBO.com and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es and Toprural.es in Spain; AlugueTemporada.com.br in Brazil; HomeAway.com.au and Stayz.com.au in Australia; Bookabach.co.nz in New Zealand, and Asia Pacific short-term rental site, travelmob.com. 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. First it was Travelocity, then Orbitz.Now, Bellevue-based Expedia is buying the vacation-rental company HomeAway. The transaction, which is expected to close in early 2016, has been approved unanimously by both companies’ Boards of Directors. Expedia to Acquire HomeAway for $3.9 Billion. Conference Call to Discuss TransactionExpedia, Inc., and HomeAway, Inc., will host a conference call to discuss the transaction on Wednesday, November 4, 2015 at 1:45 p.m. Pacific Time / 3:45 p.m. Central Time. Bringing HomeAway into the Expedia, Inc. family and adding its leading brands to our portfolio of the most trusted brands in travel is a logical next step," said Dara Khosrowshahi, Chief Executive Officer, Expedia, Inc. "We have tremendous respect for the HomeAway team and the business they have built. Expedia Acquires HomeAway BELLEVUE, Wash. , Dec. 15, 2015 -- Expedia, Inc. (NASDAQ: EXPE ) announced today it has completed its acquisition of HomeAway, Inc., including all of its brands. Until now, unlike Airbnb, HomeAway ch… But Expedia said in a call on Tuesday that this acquisition would be different from others it has done because HomeAway would be run almost autonomously out of Austin, Tex. Through HomeAway, owners and property managers offer an extensive selection of vacation homes that provide travelers with memorable experiences and benefits, including more room to relax and added privacy, for less than the cost of traditional hotel accommodations. Expedia is adding to its offer. The companies expect the transaction to close in the first quarter of 2016. HomeAway Inc. shares soared 25 percent after Expedia Inc. agreed to acquire the vacation-rental company for $3.9 billion, and investors speculated the … Expedia has entered into an agreement to acquire HomeAway Inc, the US-based vacation rental company. Stocks of both HomeAway and Expedia increased in after-hours trading. The exchange offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC's website at www.sec.gov. They continue to grow their numbers to attract listings from as many vacation rentals as possible. Nov 4 -- Bloomberg’s Cory Johnson reports on Expedia acquiring HomeAway with Emily Chang on “Bloomberg West.” (Source: Bloomberg) The company also makes it easy for vacation rental owners and property managers to advertise their properties and manage bookings online. Also this year, Expedia purchased Travelocity from Sabre Corporation for $280 million in cash. The companies expect the transaction to close in the first quarter of 2016. As a result of these and other risks, the proposed transaction may not be completed on the timeframe expected or at all. "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. It is the second biggest deal in travel tech in this decade, but it still a fair distance behind the $8.3 billion that SAP paid to buy Concur in September 2014.. November 5, 2015, 5:30 AM. Airbnb has attracted much attention because it is one of the most highly valued private companies, most recently valued by investors at $20 billion. 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 … Read full article. HomeAway, which focuses on vacation rentals, has recently existed largely in the shadow of Airbnb, even though their businesses are somewhat different. Expedia will acquire all outstanding shares of HomeAway common stock for $10.15 in cash and 0.2065 per share of Expedia common stock. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. Trademarks and logos are the property of their respective owners. Expedia to Acquire HomeAway for $3.9 Billion HomeAway, which focuses on vacation rentals, has recently existed largely in the shadow of Airbnb, … BELLEVUE, Wash. and AUSTIN, Texas, Nov. 4, 2015 /PRNewswire/ -- Expedia, Inc., (NASDAQ: EXPE) and HomeAway, Inc., (NASDAQ: AWAY) 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 … HOMEAWAY STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF HOMEAWAY SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING EXCHANGING THEIR SECURITIES. from NYT > Business Day via IFTTT All other international callers may dial 719-325-4784 and use passcode 4111332. BELLEVUE, Wash. and AUSTIN, Texas, Nov. 4, 2015 /PRNewswire/ -- Expedia, Inc., (NASDAQ: EXPE) and HomeAway, Inc., (NASDAQ: AWAY) 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 shares of $38.31, based on Expedia's closing price on November 3, 2015. Expedia’s planned acquisition of HomeAway for $3.9 billion is the online booking site’s biggest purchase, and it follows years of developments at … About Homeaway, Inc.HomeAway, Inc. based in Austin, Texas, is the world leader in vacation rentals, with sites representing over one million paid listings of vacation rental homes in 190 countries. 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. It operated through 50 websites in 23 languages through which it offered rentals of cabins, condos, castles, villas, barns, and farmhouses. A replay of the call is expected to be available for at least three months. These forward-looking statements generally can be identified by phrases such as "will," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. The transaction was approved by the board of directors from both companies and expects to close the first quarter of 2016. Expedia plans to pay $3.9 billion, or $38.31 a share, in cash and stock for all of HomeAway’s brands — a premium of nearly 20 percent to Wednesday’s closing stock price. A live webcast of the conference call will be available to the public at http://ir.expediainc.com and http://investors.homeaway.com. HomeAway also operates BedandBreakfast.com, the most comprehensive global site for finding bed-and-breakfast properties, providing travelers with another source for unique lodging alternatives to chain hotels. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Expedia or HomeAway stock. 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. 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. The companies expect the transaction to close during the first quarter of 2016. You may read and copy any reports or other information filed by Expedia and HomeAway at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. The company is adding the Airbnb rival to its travel-booking brands, which include Orbitz, Travelocity, Hotels.com, Hotwire and Trivago. The Offer to Exchange, the related Letter of Transmittal and certain other exchange offer documents, as well as the Solicitation/Recommendation Statement, will be made available to all holders of HomeAway stock at no expense to them. About Expedia, Inc.Expedia, Inc. (NASDAQ: EXPE) is one of the world's leading travel companies, with an extensive brand portfolio that includes leading online travel brands, such as: The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers and provides advertisers the opportunity to reach a highly valuable audience of in-market consumers through Expedia® Media Solutions. For more information about HomeAway, please visit www.HomeAway.com. Expedia has announced an agreement with HomeAway to acquire the leading vacation rental marketplace and all of its brands for $3.9 billion in cash and Expedia common stock. The blockbuster deal, which is Expedia's largest ever at $3. Additional copies may be obtained for free by contacting Expedia's Investor Relations department at (425) 679-3759. Expedia also powers bookings for thousands of affiliates, including some of the world's leading airlines, top consumer brands and high traffic websites through Expedia® Affiliate Network. The acquisition will give HomeAway distribution, technology and expertise from Expedia, Brian Sharples, the chief executive of HomeAway, said in a statement. Both companies' Boards of Directors unanimously approved the transaction, which is expected to close in the first quarter of 2016. Expedia Acquires HomeAway: Statement From Industry Partner Statement from Rob Stephens, Co-Founder and General Manager of Avalara MyLodgeTax Expedia’s announcement Nov. 4 that it intends to purchase HomeAway for $3.9 billion in cash and stock illustrates that the travel industry is changing. Callers in the U.S. and Canada may dial 877-741-4244 and use passcode 4111332. In tandem with the acquisition announcement, HomeAway revealed it will change its business model midway through 2016 and will add a booking fee for consumers. Under the terms of the transaction, Expedia will offer to acquire each outstanding share of common stock of HomeAway in exchange for $10.15 in cash … Expedia just finalized its acquisition of HomeAway, meaning the online travel giant is now officially going head-to-head with Airbnb. They do this by making it easy work for rental owners and managers to rent out their properties. HomeAway has recently existed largely in the shadow of Airbnb, even though their businesses are somewhat different. In addition to the Offer to Exchange, the related Letter of Transmittal and certain other exchange offer documents, as well as the Solicitation/Recommendation Statement, Expedia and HomeAway file annual, quarterly and current reports and other information with the SEC. Expedia to acquire HomeAway for $3.9B in cash and stock, challenging Airbnb by Jacob Demmitt on November 4, 2015 at 1:35 pm November 9, 2015 at 10:44 am Comments 4 … In this way, I believe our combination with Expedia will turbocharge our growth and industry leadership for many years to come.". Logo - http://photos.prnewswire.com/prnh/20150123/170969LOGO Logo - http://photos.prnewswire.com/prnh/20151104/283930LOGO, Cision Distribution 888-776-0942 Similarly, statements herein that describe the proposed transaction, including its financial and operational impact, and other statements of management's beliefs, intentions or goals also are forward-looking statements. In September, Expedia closed its acquisition of a fellow travel site, Orbitz Worldwide, for $1.6 billion including debt. ", "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. Following its acceptance of the shares tendered in the exchange offer, prior to the open of the financial markets on December 15, 2015, Expedia caused the previously agreed merger of its … Posted on November 10, 2015 by Ski Silverthorne Lodge November 14, 2017 So Expedia just shelled out … Other brands under the Expedia umbrella include Hotels.com, Hotwire.com and Trivago. Tweet Share Post Austin, Texas-based vacation home rental service HomeAway today announced that it will sell to travel company Expedia in a deal worth $3.9 billion in cash and stock.. 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