HomeAway buys stake in New Zealand company

Christopher Calnan Staff Writer- Austin Business Journal Email | Twitter Vacation home listing company HomeAway Inc. has bought an ownership stake in New Zealand-based Bookabach Ltd. Financial terms of the deal were not disclosed. Austin-based HomeAway (Nasdaq: AWAY) bought a 55 percent stake in Bookabach, the operator of a vacation rental site. The acquisition also includes Bookastay, the company’s affiliated Australian rental site. The two websites combined feature more than 8,000 property listings, company officials said Wednesday. Bookabach, founded in 2000, is both a subscription and transaction-based model that features properties operated by owners and property managers....