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TPG Said Close to Airbnb Investment After Snags Resolved

TPG Capital is close to signing an agreement to invest in room-sharing service Airbnb Inc. at a $10 billion valuation after resolving disagreements over the terms, people with knowledge of the situation said.

The private equity firm was leaning against investing in the San Francisco-based company earlier this week amid debate over the startup’s value and other issues, said the people, who asked not to be identified because the process was private. The talks later progressed and TPG is now close to signing a deal, said the people.