Expedia has gobbled up another aspect of the travel and vacation business, today announcing the acquisition of vacation rental company (and Airbnb competitor) HomeAway for $3.9 billion in cash and common stock. Expedia CEO Dara Khosrowshahi explained the move in a press release: 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. 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…

This story continues at The Next Web
Source: The Next Web


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