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Airbnb buys Luxury Retreats

Airbnb has acquired Canada’s Luxury Retreats in a cash and stock deal believed to be worth some $300m.

Accor and Expedia had also put in offers for the company, according to people with knowledge of the matter.

Luxury Retreats provides premium vacation-home rentals and concierge services, and has more than 4,000 properties worldwide.

Click here for the full Bloomberg article

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