NEW YORK, Nov. 6, 2015 /PRNewswire/ -- The proposed acquisition of HomeAway, Inc. ("AWAY" or the "Company") by Expedia Inc. ("Expedia") is being investigated by WeissLaw LLP for possible breaches of fiduciary duty and other violations of law by the Board of Directors of AWAY. On November 4, 2015, the Company announced it had reached a definitive agreement for Expedia to acquire AWAY in a transaction valued at approximately $3.9 billion. Under the terms of the agreement, shareholders of AWAY will receive $10.15 in cash and 0.2065 of an Expedia share for each AWAY share they own; representing a total consideration of $38.31 per share.

WeissLaw is investigating whether AWAY's Board acted to maximize shareholder value prior to entering into the agreement. Notably, one analyst set a target price of $43.00 per share, or approximately $5.00 above the offer price. Further, the Company recently announced positive financial results in the third quarter of 2015. It reported total revenues of $130.7 million, as compared with $117.1 million in the same period of the previous year, representing an increase of 11.6% year-over-year. It also reported a 27.2% increase in EBITDA to $40.2 million, as compared with $31.6 million last year.

Given these facts, WeissLaw is investigating the Board of Directors' decision to sell AWAY and whether AWAY shareholders will obtain their fair proportionate share of the Company's continued success and future growth prospects. If you own AWAY shares and would like more information about your rights or our investigation, please contact Joshua Rubin either by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

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SOURCE WeissLaw LLP