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Airbnb scoops up Gaest

As the home-sharing company readies for its IPO, it acquires an online marketplace for renting out meeting space

CEO Brian Chesky (Credit: Airbnb)

Airbnb has acquired startup Gaest for an undisclosed sum, according to Business Insider. Gaest was founded in 2015 and is an online marketplace for renting out meeting spaces for a short period of time. 

Be Smart: A popular new business line for co-working companies just got a little more crowded.

Worth Noting: The acquisition comes after Airbnb disclosed that it’s been profitable for the last two years. With a private valuation of about $31 billion, get ready for an IPO.

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