Airbnb's new $1 billion investment comes at lower valuation - sources

(Reuters) - Airbnb Inc's new $1 billion investment from private equity firms Silver Lake and Sixth Street Partners has terms that imply a reduced valuation of the home rental company, people familiar with the matter said on Tuesday. Silver Lake and Sixth Street received warrants that can be exercised at an $18 billion valuation, below the $26 billion Airbnb was valued in early March in its internal valuation, one source said.The deal was seen as a sign of investor support as the coronavirus..