- Expedia (EXPE) is buying HomeAway (AWAY) for $3.9 billion. in cash and stock. The move will make it easier for customers to access listings of private rooms, apartments, and homes for rent if they’re looking for an alternative to traditional hotel rooms on vacation.
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. 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.
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