Deals Rumor Mill: Airbnb, Strauss-Kahn, Whampoa

Law360, New York (March 20, 2014, 1:26 PM EDT) -- Popular home-rental startup Airbnb Inc. is nearing a deal that would infuse it with between $400 million and $500 million in new funding, throttling its valuation past the $10 billion mark, sources told the Wall Street Journal on Thursday. Texas-based investment firm TPG Capital is likely to lead the round. At $10 billion, the six-year-old company would carry a heftier value than a slew of big hotel names, including Wyndham Worldwide Corp., worth $9.4 billion, and Hyatt Hotels Corp., worth $8.4 billion. Airbnb allows individuals to...
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