Airbnb Is Paying $400 Million For HotelTonight, Half in Pre-IPO Stock
Photo Credit: Sam Shank is the co-founder and CEO of HotelTonight. The value of Airbnb's buy of HotelTonight could hinge on an Airbnb IPO. HotelTonight
Skift Take
On the surface, HotelTonight got a lowish deal from Airbnb. But with roughly half in stock, the price tag could look very upbeat if Airbnb's stock soars in an initial public offering.
So how much is Airbnb shelling out to acquire HotelTonight? The deal price was a little more than $400 million, with about half in cash and half in stock, Skift has learned.
In 2017, at the time of HotelTonight's last disclosed fundraising of $37 million, the hotel-booking app had a valuation of $463 million. Skift reported in 2017 that HotelTonight had 2016 revenue in the $60 million range.
The San Francisco-based company, founded in 2010, raised around $117 million since its beginnings.
So how did HotelTonight's investors, including GVC Capital, Accel, Coatue Management, Battery Ventures and others make out?
It's difficult to say precisely because HotelTonight's current and forward-looking revenue and e
