With an all-cash transaction, HomeAway has acquired a 55 percent stake of Bookabach Limited, which also includes the company’s Australian outpost, Bookastay.
The two vacation rental sites boast an inventory of over 8,000 properties, and often feed one another, given the tight link between the Australia and New Zealand tourism markets.
HomeAway CEO Brian Sharples offered the following context for the investment:
Read full story at: http://www.tnooz.com/article/homeaway-opens-door-apac-majority-stake-new-zealands-bookabach/
