Latest in Acquisition

Image credit:

Expedia to pay $3.9 billion for Airbnb competitor HomeAway

Mariella Moon, @mariella_moon
November 5, 2015
Share
Tweet
Share

Sponsored Links

The short-term rental market is growing, and Expedia understandably wants a piece of it. After snapping up Orbitz and Travelocity earlier this year, it has now decided to purchase HomeAway. It's an online service that focuses on renting out vacation homes, further intensifying Expedia's rivalry with Airbnb. The travel empire has been displaying HA properties alongside hotels for a couple of years, but it will now completely own the company and all its brands. In its press release, Expedia admits that it has agreed to pay a hefty $3.9 billion for HomeAway, because it has "long had [its] eyes on the fast growing ~$100 billion alternative accommodations space." Both companies are expecting to close the deal in 2016, and if they obtain regulatory approval, Expedia will pay in cash and stock worth $38.31 per share.

[Image credit: danxoneil/Flickr]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Microsoft Edge becomes the second most popular desktop web browser

Microsoft Edge becomes the second most popular desktop web browser

View
The best games for PS4

The best games for PS4

View
Google Fit redesign focuses on your step count

Google Fit redesign focuses on your step count

View
Quit trying to make Quibi happen

Quit trying to make Quibi happen

View
Tesla shows how it builds ventilators using Model 3 parts

Tesla shows how it builds ventilators using Model 3 parts

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr