- Airbnb has raised $1 billion in debt and equity from Silver Lake and Sixth Street Partners, the $4 Monday.
- Airbnb did not disclose the terms of the deal, but a source told $4 that "it's attractive for Airbnb" and doesn't depend on the company's financial performance or ability to go public by a specific date.
- Airbnb planned to go public this year, but has been hit hard by the coronavirus crisis on top of existing questions about profitability, with its $4 from $31 billion to $26 billion.
- $4.
Airbnb has raised $1 billion in "a combination of debt and equities securities" from Silver Lake and Sixth Street Partners, the company announced in a $4 Monday.
The company did not disclose the terms of the deal or say how much of the investment is debt versus equity, but a source told $4 that "there is no rachet or any other coercive terms. It's attractive for Airbnb," adding that it doesn't depend on the company's financial performance or ability to go public by a specific date.
Airbnb has been $4, which has all but halted travel globally, and was reportedly $4 even before the pandemic.
Last week, the Financial Times reported that the company $4 to $26 billion, a 16% decrease from its last private valuation of $31 billion, according to PitchBook, as the short-term rental company deals with a sharp drop in bookings due to the coronavirus pandemic.
Airbnb CEO Brian Chesky predicted earlier this week that the company's $4 following the coronavirus pandemic, saying that it has weathered crises before. Some experts have $4, though Airbnb will still have to $4 before it can thrive again.
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