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Airbnb Said to Be Raising Money From Facebook Investor Thiel

Airbnb Inc., operator of a website that lets people rent out rooms and residences, is raising about $150 million in new funding that values the company at about $2.5 billion, said people familiar with the matter.

The funding is being led by Facebook Inc. investor Peter Thiel, and the deal has yet to close as negotiations are ongoing, said the people, who declined to be named because the talks are private. The Wall Street Journal reported earlier today that the company is likely to raise $150 million from Thiel and other investors.