Expedia To Acquire HomeAway, Inc.

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Expedia's (EXPE) Competitive Threats Greater than AWAY Deal Benefits - Janney

November 5, 2015 9:48 AM EST

Expedia (NASDAQ: EXPE) announced it would acquire HomeAway (AWAY) for $10.15 per share in cash and 0.2065 of a share of Expedia common stock. Analysts at Janney estimate the deal is priced at over 23x our 2016 EBITDA estimate. The deal is expected to close in 1Q16 and will be dilutive to 2016 EPS.... More

Deutsche Bank Downgrades HomeAway (AWAY) to Hold

November 5, 2015 6:49 AM EST

Deutsche Bank downgraded HomeAway (NASDAQ: AWAY) from Buy to Hold with a price target of $38.00 (from $37.00). Analyst Lloyd Walmsley said the buyout price as low.

"We see the ~$38 buyout price as undervaluing the optionality at AWAY, though we recognize 1) implementing a transactional model carries... More