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Expedia to Acquire HomeAway for $3.9 Billion

Expedia to Acquire HomeAway for $3.9 Billion

Expedia has agreed to acquire HomeAway for $3.9 billion, according to The New York Times. This will add vacation rentals to its online booking options. Expedia also owns Hotels.com, Hotwire.com, and Trivago. The article notes that this acquisition will be ...

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SBE Entertainment, Morgans Hotel Group Negotiations Collapse

Following months of negotiations, merger discussions between Morgans Hotel Group and SBE Entertainment Group have collapsed, reports The Wall Street Journal. The two parties involved were Ronald Burkle, a preferred equity holder in Morgans, who was in support of the ...

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UberEvents Comes Out of Beta Testing

UberEvents Comes Out of Beta Testing

UberEvents is coming out of beta and going national. The service, which kicked off in New York City at the end of September and then expanded to five other cities, allows event planners and hotels to offer pre-paid rides to ...

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San Francisco Rejects Anti-Airbnb Proposal

San Francisco voters have rejected a measure that would limit the number of short-term accommodation rentals to 75 nights per unit. If passed, the proposal would’ve been a big hit for Airbnb’s short-term rental model. According to TIME, supporters of ...

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U.S. Adds 52,500 Franchise Jobs in October

U.S. Adds 52,500 Franchise Jobs in October

U.S. private-sector franchise jobs increased by 52,500 during the month of October, the ADP National Franchise Report shows. This marks the highest number of franchise jobs added since ADP began publishing the report, according to Ahu Yildirmaz, vice president and ...

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