Tag Archives: expe

Priceline: Ahead Of Q3 Earnings, No Bid For HomeAway

Priceline (PCLN) says ahead of its Q3 earnings report that it isn’t going to bid for HomeAway (AWAY), according to published reports, after Expedia (EXPE) on Wednesday announced plans to acquire HomeAway. Though as an industry leader it’s been a top candidate to put in a competing bid, Priceline has also been an unlikely candidate due to its current vacation rental business, which generated $7 billion in bookings this year, according to Cowen &

HomeAway Surges After Moving In With Expedia

Online vacation rental marketplace HomeAway (AWAY) stock surged on Thursday, the day after major online travel site Expedia (EXPE) announced it would acquire HomeAway in a $3.9 billion deal. Expedia is buying Austin, Texas-based HomeAway to gain more clout as it aims tomake a mark in the alternative lodging sector — Airbnb’s strength. The HomeAway acquisition is the latest expansion for Expedia, which completed its $1.6 billion buyout of domestic

Expedia Will Buy HomeAway As Airbnb Threat Grows

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