Venture Capital
Airbnb Is in Talks to Acquire Canada’s Luxury Retreats
- Deal would be Airbnb’s largest at under $300 million
- High-end rentals encroaches on Expedia and Priceline’s turf
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Airbnb Inc. is in talks to buy Montreal-based Luxury Retreats International Inc. to help it expand in high-end vacation rentals and travel services, people familiar with the matter said.
The Airbnb board of directors is expected to vote on approving the deal this week, said the people, who asked not to be identified because the terms have yet to be finalized. A sale is expected to fetch no more than $300 million in cash and stock, said one of the people.