Airbnb has raised $1bn in debt and equity from new investors as the global coronavirus outbreak hampers business on its site ahead of a planned public listing this year.
The short-term rental company said on Monday that the private investment firms Silver Lake and Sixth Street Partners had committed the new capital, without providing details on financial terms.
“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,” Egon Durban, Silver Lake co-chief executive, said in a statement announcing the deal.
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