Airbnb has raised $1 billion amid the COVID-19 outbreak.
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Airbnb on Monday said it’s raising $1 billion to support the company’s long-term investment in hosts who share their homes and experiences on the platform. The money will also help “serve all stakeholders in the Airbnb community,” the company said in a press release.
Firms Silver Lake and Sixth Street Partners will invest $1 billion in Airbnb in a combination of debt and equity securities, the home-share giant said. This comes as COVID-19, the disease caused by the newly identified coronavirus, has wreaked havoc on a range of industries, including travel. Many cities…
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