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HomeAway, Inc. (AWAY) Message Board

  • muellerfund muellerfund Apr 2, 2012 5:28 PM Flag

    $14 million for Toprural

    2-Apr-2012

    Other Events


    Item 8.01 Other Events.

    On April 2, 2012, HomeAway Spain, S.L. ("HomeAway Spain"), an affiliated entity of HomeAway, Inc. (the "Company"), entered into a Share Purchase Agreement ("Purchase Agreement") with all shareholders (the "Sellers") of Top Rural, S.L., a limited liability company registered in Madrid, Spain ("Toprural"), pursuant to which HomeAway Spain purchased all of the shares of Toprural for a purchase price of �14,000,000 in cash ("Closing Consideration"). �2,000,000 of the Closing Consideration was deposited in escrow as security for the benefit of HomeAway Spain against breaches of representations and warranties, covenants and certain other expressly enumerated matters by the Sellers. As a result of the transactions under the Purchase Agreement, Toprural became a wholly-owned subsidiary of HomeAway Spain on April 2, 2012.

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