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by CareyBot

HomeAway Inc. has secured a record $160 million in debt and equity financing to fund the vacation-rental Web portal's continued expansion, the company announced today. Expansion plans include the acquisition of Vacation Rentals by Owner, VRBO.com, one of the largest vacation-rental Web sites in the United States. The company said it also plans to boost marketing efforts to grow traffic and continue developing technology for locating and renting homes online. VRBO.com will continue to operate as an independent brand run by the existing management team. HomeAway owns vacation-rental Web sites where people planning vacations can find houses to rent. The company's growth highlights the growing trend of people buying second homes throughout the world. Existing investors Austin Ventures and Re...