Airbnb agreed to pay its new investors more than 10% interest in return for $1 billion in additional funding, people close to the company say
The investors will also get warrants that can be converted into shares with a valuation for the company of $18 billion, a drop of almost half since Airbnb’s last fundraising in 2017, the people said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbnb is raising $1 billion amid fallout from coronanvirusCNBC's Deirdre Bosa reports on how Airbnb is trying to assist its hosts.
Read more »
The 10 Richest Chinese Billionaires In 2020Despite the coronavirus pandemic, China boasts a record number of billionaires, including a familiar face who retakes the country’s number one spot.
Read more »
10 Easy Ways to Be More Sustainable10 Easy Ways to Be More Sustainable at Work and Home
Read more »
World’s Richest Cities: The Top 10 Cities Billionaires Call Home 2020From Singapore To New York City, more than 26% of the world’s 2,095 billionaires live in just 10 cities spread across three continents.
Read more »
The Top 10 Richest Women In The World 2020There are 234 women on this year’s list, and a familiar face returns as the world’s richest woman.
Read more »