Airbnb is acquiring hotel booking site HotelTonight as it builds an expansion narrative ahead of an eventual IPO.
Airbnb announced Thursday that it will acquire hotel booking site HotelTonight as it builds an expansion narrative ahead of an eventual initial public offering.
The company did not disclose the price or when the deal is expected to close. HotelTonight was last valued at $463 million in the private market. Sam Shank, co-founder and CEO of HotelTonight, said in a statement that the merger will bring"more choices and the world's best boutique and independent hotels a genuine partner to connect them with those guests."
To research the deal, Chesky spent two weeks booking and living in different HotelTonight properties.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbnb Is Buying HotelTonight, The Popular Last-Minute Hotel Booking AppAirbnb's acquisition of the hotel booking app will make it more attractive to investors as it prepares to go public.
Read more »
Airbnb To Buy HotelTonight As It Pushes Deeper Into Hotel Booking BusinessAirbnb plans to acquire last-minute booking platform HotelTonight as it pushes deeper into the hotel booking business by bizcarson
Read more »
Airbnb To Buy HotelTonight As It Pushes Deeper Into Hotel Booking BusinessWith HotelTonight deal, Airbnb now owns a business known for last-minute hotel discounts.
Read more »
Breakingviews TV: IPO glutLyft and Uber could between them raise twice as much from their IPOs as all U.S.-listing tech firms did last year. Antony Currie and Robert Cyran explain how, with the likes of Palantir, Slack and Airbnb also mulling going public, there may be more...
Read more »
Lyft and Uber could leave other IPOs idlingThe two ride-hailing firms could between them raise twice as much as the $7.1 bln tech debutants managed on U.S. exchanges last year. With Airbnb, Pinterest and others hoping to take similar trips to the public markets, Wall Street needs to get a lot more demand on the roads.
Read more »
Airbnb To Buy HotelTonight As It Pushes Deeper Into Hotel Booking BusinessAirbnb plans to acquire last-minute booking platform HotelTonight as it pushes deeper into the hotel booking business by bizcarson
Read more »
Airbnb To Buy HotelTonight As It Pushes Deeper Into Hotel Booking BusinessWith HotelTonight deal, Airbnb now owns a business known for last-minute hotel discounts.
Read more »
Airbnb Is Buying HotelTonight, The Popular Last-Minute Hotel Booking AppAirbnb's acquisition of the hotel booking app will make it more attractive to investors as it prepares to go public.
Read more »