Airbnb Inc. has brought on Alphabet Inc.’s investment arm as a backer, part of an expected $850 million funding round that values the home-rental company at $30 billion, people close to the deal said. In addition to the new cash, employees who have been with the company for more than four years had the opportunity to sell common shares to investors as part of the deal. Roughly $200 million of employee stock was sold as part of that...

Source: Wall Street Journal September 22, 2016 18:42 UTC