The deal to acquire Stayz Group from Australian publishing giant Fairfax Digital includes brands Rentahome, TakeABreak and YesBookit.
Stayz generated AUD $25.4 million ($22.9 million) in revenue for the year ending June 2013, primarily via its commission-based model. Around 99% of Stayz’s listed properties are in Australia.
The Sydney-based company, with a headcount of 40, will continue to operate as a brand in its own right under general manager Anton Stanish.
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