Scalper1 News
Amid rising popularity of alternative-lodging sites like Airbnb, travel-booking service Expedia said late Wednesday that it will acquire VRBO parent HomeAway for $3.9 billion. Expedia (EXPE) will pay $10.15 cash plus 0.2065 share for each HomeAway (AWAY) share. That was worth 37.86 at Wednesday’s close, but closer to 39 after hours. HomeAway rose 21.7% to 39 late; Expedia climbed 3.2% to 138.50. Expedia had been building its Scalper1 News
Scalper1 News