Wyndham reportedly selling European vacation-rentals unit in $1b deal

Platinum Equity, a U.S.-based investor, has been negotiating the details of a takeover of Wyndham Worldwide's European vacation rentals business, reported by Sky News.

If concluded, the acquisition would see the firm take control of James Villa Holidays and Cottages.com, as well as the more prominently marketed Hoseasons.

In total, the U.K. operations offer vacations at more than 30,000 holiday properties around the country.