Home-rental startup Airbnb is close to talks for funding that would value the company at $10 billion.
TPG Capital, a private-equity firm based in both Texas and California, is expected to be the dominant investor. The round of fundraising could reach $500 million. Dropbox and Chinese cell-phone manufacturer Xiaomi were the biggest of the 21 companies that raised new funds in the last year that pegged their valuation at $1 billion or more, the Wall Street Journal reported. The value for Airbnb has grown four-fold in a two-year period. [more]