Expedia To Buy HomeAway For $3.9 Bln In Cash And Stock - Quick Facts

(RTTNews) - Expedia, Inc., (EXPE) announced a definitive agreement to acquire HomeAway, Inc., (AWAY), including all of its brands, for an equity value of approximately $3.9 billion in cash and stock, representing a per share price of $38.31 per HomeAway share.

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.

The boards of directors of both companies unanimously approved the transaction, which remains subject to customary closing conditions, including regulatory approvals and the tender of a majority of the outstanding shares of HomeAway common stock. The companies expect the transaction to close in the first quarter of 2016.