Expedia Completes Acquisition Of HomeAway - Quick Facts

(RTTNews) - Expedia, Inc. (EXPE) announced it has completed acquisition of HomeAway, Inc., including all of its brands. The company said the exchange offer to acquire all of the outstanding shares of HomeAway common stock expired, and a total of 63,068,486 shares of HomeAway common stock, representing approximately 64.8% of HomeAway's outstanding common stock, were validly tendered and not validly withdrawn pursuant to the exchange offer.

All shares of HomeAway common stock not validly tendered into and accepted in the exchange offer, other than any shares held in treasury by HomeAway or owned by Expedia or its merger subsidiary, have been cancelled and converted into the right to receive merger consideration in the same amounts offered in the exchange offer. HomeAway shares will cease to be traded on the NASDAQ Global Market.