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HomeAway announced in November 2006 its $160 million in financing to fund global expansion initiatives, including the acquisition of Vrbo.com (Vacation Rentals by Owner). [11] On November 11, 2008, HomeAway announced it had completed an additional $250 million equity capital raise. [ 48 ]
VRBO originally had a subscription business model in which payment of an annual fee allowed homeowners to list their properties on the website. [5] In 2006, VRBO was acquired by HomeAway. [6] [4] On November 4, 2015, Expedia Group announced it would acquire HomeAway, including VRBO, for $3.9 billion. The transaction closed in the first quarter ...
In late 2014, the company was listed as the largest provider of vacation rentals in Canada. In the 12 months prior to the announcement, the company nearly doubled its property listings on its website. This growth meant that the company had vacation listings on nearly all of Canada's lakes, which total around 30,000. [5] [11]
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In 2003, Rich Barton resigned as CEO and was replaced by Erik Blachford. [9]In December 2004, Dara Khosrowshahi was announced as CEO. [10]In March 2017, Chelsea Clinton was named to the board of directors of Expedia, with compensation of $45,000 a year in cash, plus $250,000 a year in stock vesting over three years.
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Tripping.com, a subsidiary of HomeToGo, is an online search engine and review aggregator for vacation rentals. It aggregates over 10 million listings in more than 150,000 cities worldwide. [ 1 ] It is based in San Francisco, California .
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