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Homeventure capitalAirbnb in financing talks valuing it around $10bn

Airbnb in financing talks valuing it around $10bn

Online home-rental marketplace Airbnb is in advanced talks with private equity firms including TPG Capital Management to raise funds that would value the company at about $10 billion, a person briefed on the matter said Thursday.

Airbnb webpageSource: Airbnb

TPG is likely to lead the funding round, which could exceed $400 million. Texas-based TPG recently made a large investment in ride-sharing company Uber,another major player in the burgeoning sector known as the sharing economy.

The Airbnb talks were first reported Thursday by The Wall Street Journal.

(Read more: Alibaba's ditch—How bad is it for Hong Kong exchange?)

Airbnb, whose website rental listings range from private rooms to manors and islands, has become one of Silicon Valley's most successful start-ups in the five years since it was founded by a trio of graduates from the Rhode Island School of Design and Harvard.

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