HomeAway acquires online Australian rental service Stayz for around $198 million in cash

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HomeAway is an Austin, Texas based rental company that is known for operating their websites VRBO.com and HomeAway.com. The company announced this week that they have acquired Stayz Group for $198 million in cash. Stayz uses a pay-per-booking model that is similar to what HomeAway was testing. Stayz was owned by Fairfax Media. Fairfax acquired Stayz for $12.7 million in 2005.

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