Wednesday, June 4, 2008

HomeAway Buys Second-Home Site EscapeHomes.com

HomeAway Inc., a network of vacation rental Web sites, announced Wednesday that it has acquired EscapeHomes.com, an online marketplace for buyers and sellers of second homes and resort real estate. Financial terms of the deal were not disclosed. HomeAway said that EscapeHomes was Founded by real estate veteran Clark Thompson 10 years ago. The acquisition is the latest for HomeAway, which acquired OwnersDirect.co.uk, VacationRentals.com, and Abritel.fr last year. HomeAway Inc. is headquartered in Austin, Texas.