HomeAway Buys Australian Rental Marketplace Stayz for Nearly $200 Million
HomeAway, the Austin-based vacation-rental company that operates VRBO.com and HomeAway.com, said today that it had acquired Australia’s Stayz Group for $198 million in cash. Stayz operates under a pay-per-booking model similar to the one that HomeAway announced in October it was testing on its namesake site.