HomeAway acquires VC-backed vacation rental startup Travelmob
US-based vacation rentals site HomeAway has bought a controlling stake in Singapore-based Travelmob in a bid to boost its online rental accommodations business in Asia. Early investors of the start-up include Accel Partners and Jungle Ventures, alongside with Dan Neary, vice president for Facebook Asia-Pacific.
Financial details were not disclosed but it is an all-cash deal where Travelmob management will retain 37% stake and run it independently, a statement said. The transaction is expected to close in a few...
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