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Slide #30. HomeAway, Inc. — Bookabach
HomeAway, Inc. (AWAY)
HomeAway, Inc. (NASDAQ:,ahref,http,,,investors.homeaway.comrel,nofollow,AWAY,,a), the world's leading online marketplace for vacation rentals, today announced it has secured a 55 percent stake of Bookabach Limited, the operator of a leading vacation rental site in New Zealand, in an all-cash transaction. The acquisition also includes Bookastay, the company's affiliated Australian vacation rental site. Bookabach and Bookastay together feature more than 8,000 property listings in New Zealand, Australia and the Pacific islands. While the price and terms of the deal have not been disclosed, HomeAway will talk about the acquisition during its third quarter 2013 earnings conference call today, Wednesday, November 6 at 4:30 p.m. Eastern Time.
HomeAway operates an online marketplace for the vacation rental industry. Vacation rentals are fully furnished, privately owned residential properties, including homes, condominiums, villas and cabins, that property owners and managers rent to the public on a nightly, weekly or monthly basis. Co.'s marketplace brings together travelers seeking vacation rentals online with property owners and managers of vacation rental properties located in 190 countries globally. Co.'s online marketplace serves two main constituents: property owners and managers on one side and travelers on the other. As of Dec 31 2014, Co. operated its online marketplace through 40 websites in 22 languages.
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Buy (2.59 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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