Deals
Airbnb Raises $1 Billion, With Public Offering Uncertain
- Funding is debt and equity from Silver Lake, Sixth Street
- Pandemic has slammed global travel industry, slashing demand
Photographer: Andrew Harrer/Bloomberg
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Airbnb Inc. is raising $1 billion in debt and equity securities from investors Silver Lake and Sixth Street Partners. The funding is an effort by Airbnb to shore up its finances after its business was devastated by the coronavirus pandemic that slammed the global travel industry.