Airbnb has completed its acquisition of the last-minute hotel booking application, HotelTonight, the company announced today. The deal will accelerate the home-sharing giant’s growth as it gears up for an initial public offering.
Airbnb reportedly began talks to acquire HotelTonight months ago, and it was made public last month. TechCrunch reports a price tag of more than $400 million, although the exact figure has not been revealed.
