Wilson Sonsini Goodrich & Rosati represents Austin-based HomeAway in its pending acquisition by Expedia for about $3.9 billion in cash and stock. Expedia, based in Bellvue, Washington, turned to Wachtell, Lipton, Rosen & Katz of New York.
On Nov. 4, travel company Expedia and HomeAway, a vacation rental company, announced a definitive agreement for Expedia to acquire HomeAway and all of its brands. Terms call for Expedia to offer to acquire each outstanding share of common stock of HomeAway for $10.15 in cash and 0.2065 of a share of Expedia common stock.
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