Airbnb raised $1 billion from Silver Lake

Homestay and travel experience company Airbnb raised $1 billion in debt & equity from Silver Lake and Sixth Street Partners. “While the current environment is clearly a difficult one for the hospitality industry, the desire to travel and have authentic experiences is fundamental and enduring,” said Silver Lake co-CEO and managing partner Egon Durban. “Airbnb’s diverse, global, and resilient business model is particularly well suited to prosper as the world inevitably recovers and we all get back out to experience it."

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