Wednesday, February 4, 2009

HomeAway Buys Homelidays

Austin-based HomeAway, which operates an online vacation rental marketplace, said Wednesday that it has acquired Homelidays SAS, a Paris-based operator of Homelidays.com, a for-rent-by-owner, vacation rental site. Financial terms of the acquisition were not disclosed. HomeAway said that the buy will strengthen its global positoin in the travel industry. HomeAway is backed by $250M in funding from Technology Crossover Ventures, Institutional Venture Partners and Redpoint Ventures.