HomeAway Spikes Following Acquisition Rumor

Shares of HomeAway, Inc. (NASDAQ: AWAY) spiked mid-day on Monday following a rumor that dealReporter indicated the company may be acquired by Expedia Inc (NASDAQ: EXPE).

The price movement appears to have started amid tweets such as:

AWAY FT Dealreporter - Expedia may be looking to acquire Homeaway (AWAY), bankers seen as strategic buy

— ZOZO (@zozotrader) December 1, 2014

Benzinga reached out to both HomeAway and Expedia, but has not yet received a response.

HomeAway recently traded at $31.64, up 0.89 percent.

Expedia recently traded at $86.63, down 0.55 percent.