Silver Lake & Sixth Street to invest $1 billion in the US-based home rental firm Airbnb
R Sinduja
News Editor
Image Credit: shortpedia
Private equity firms Silver Lake and Sixth Street will be investing $1 billion in the US-based home rental firm Airbnb, at a time when coronavirus has smashed the travel industry. This investment raises Airbb's cash reserves to nearly $4 billion. The company said it will use the funds primarily to attract more hosts who list their properties for rent on its platform. Silver Lake is one of the most high profile tech investors.
