Airbnb gets US$1bn investment for post-virus recovery

📆 07.04.2020 15:15:00
📰 CTVNews

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Airbnb on Monday announced it was taking a billion U.S. dollars in new investment to endure and, it hopes, thrive in a travel world transformed by the coronavirus pandemic.

Silver Lake and Sixth Street Partners will invest the money into the home-sharing platform in the form of debt and equity, according to Airbnb.

The fresh resources will enable the San Francisco-based company to invest in its community of "hosts" as well as local experiences provided along with stays in homes, according to Airbnb co-founder and chief Brian Chesky.

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