Thursday, February 9, 2017

Airbnb Nears Deal to Acquire Luxury Retreats

San Francisco-based Airbnb is nearing a deal to acquire Canadian, high-end vacation rental marketplace site Luxury Retreats, according to reports on Thursday. The deal is rumored to be worth as much as $300M, however, is not final. Reports of a potential deal were first leaked by Bloomberg, which cited "people familiar with the matter."