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Expedia (EXPE) Stock Gains on $3.9 Billion HomeAway Deal, Jim Cramer: Brilliant Acquisition

NEW YORK (TheStreet) -- Expedia (EXPE - Get Report) stock is increasing 3.64% to $139.06 in pre-market trading on Thursday after the company agreed to acquire HomeAway (AWAY), an online vacation rental marketplace, in a $3.9 billion deal.

HomeAway stock is soaring 23.88% to $39.69 this morning.

TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust portfolio, has this to say about the deal: "Brilliant acquisition. Great for all, just hope they get it at that price because I love both companies."

Expedia, an online travel booking company, will pay $10.15 in cash and 0.2065 Expedia shares for each HomeAway share.

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The boards of both companies have approved the transaction, which is subject to shareholder and regulatory approval.

"Bringing HomeAway into the Expedia family and adding its leading brands to our portfolio of the most trusted brands in travel is a logical next step," Expedia CEO Dara Khosrowshahi said in a statement.

The acquisition will expand Expedia into the $100 billion alternative vacation...


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