Airbnb Inc. is raising $1 billion in funding from private-equity firms Silver Lake and Sixth Street Partners as the company reels from a global hit to its business caused by the coronavirus pandemic. The San Francisco-based startup said Monday the funding will be a combination of debt and equity and is meant to support Airbnb’s long-term work, including its network of hosts and stakeholders.

Source: Wall Street Journal April 06, 2020 21:52 UTC