Airbnb’s new $1 billion investment comes at lower valuation: sources

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(Reuters) – Airbnb Inc’s new $1 billion investment from private equity firms Silver Lake and Sixth Street Partners has terms that imply a reduced valuation of the home rental company, people familiar with the matter said on Tuesday.

FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. .REUTERS/Charles Platiau/File Photo

Silver Lake and Sixth Street received warrants that can be exercised at an $18 billion valuation, below the $26 billion Airbnb was valued in early March in its internal valuation, one source said.

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