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HomeAway initially oversold its performance to Expedia

from Skift

As Expedia Inc. closes on its $3.9 billion acquisition of vacation-rental leader HomeAway, it is worth noting that Expedia is buying a company that is likely to be considerably less profitable over the next few years than what Expedia was initially led to believe in talks with HomeAway officials. Specifically, an estimated $86 million less profitable in 2018, for example. more

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