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