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Airbnb’s AI Acquisition Paid Partially in Stock Above $100 Million
15.11.2023 - 19:25 / skift.com / Justin Dawes
Airbnb made public filings on Tuesday showing that its acquisition of AI company GamePlanner.AI was paid partially with stock valued at about $104.5 million.
The filings said that the company is offering 877,062 shares and the two largest recipients were listed as Adam Cheyer (337,652 shares) and Siamak Hodjat (245,565).
Cheyer and Hodjat are the co-founders of GamePlanner.AI, which Airbnb said on Tuesday that it had acquired for an undisclosed price.
Other stock recipients included several venture capital funds: B Capital, Golden Circle Ventures, a fund owned by Hong Kong businesswoman Solina Chau Hoi Shue, and a trust related to venture capitalist Gary Morgenthaler, among others.
One filing referenced $119.15 as the last reported stock stock price on November 13, which would make the total value of the shares $104.5 million.
Citing sources familiar with the deal, CNBC reported that the total value of the GamePlanner.ai acquisition was nearly $200 million. Airbnb stock is up 3% over the last day and up 36% year to date.
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