Airbnb Is Paying $400 Million-Plus for HotelTonight, Half in Pre-IPO Stock

So how much is Airbnb shelling out to acquire HotelTonight? The deal price was a little more than $400 million, with about half in cash and half in stock, Skift has learned.

In 2017, at the time of HotelTonight's last disclosed fundraising of $37 million, the hotel-booking app had a valuation of $463 million. Skift reported in 2017 that HotelTonight had 2016 revenue in the $60 million range.

The San Francisco-based company, founded in 2010, raised around $117 million since its beginnings.