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Expedia adds 'sharing' travel with purchase of HomeAway for $3.9B

from Reuters via NBC News

Expedia Inc. said it agreed to buy vacation rental site HomeAway Inc. for about $3.9 billion in cash and stock, in a move that could ramp up competition with apartment-sharing startup Airbnb. Expedia, the world's largest online travel agency by bookings, said it expects the deal to close in the first quarter of 2016 subject to regulatory approval. It expects the takeover will hurt its earnings per share next year but boost results in the long run. more

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