- notes
- {"acquirer": {"value": "Airbnb", "source_urls": ["https://techcrunch.com/2017/02/22/airbnb-finalizes-deal-to-buy-social-payments-startups-tilt/", "https://www.ycombinator.com/companies/tilt"]}, "announcement_or_close_date": {"value": "2017-02-22 TechCrunch confirmation; some databases list 2017-02-23", "source_urls": ["https://techcrunch.com/2017/02/22/airbnb-finalizes-deal-to-buy-social-payments-startups-tilt/", "https://www.gaebler.com/VC-Funding-57BAC0F4-0C36-411E-B3AD-7AA2B30F8659-Tilt-02-23-2017"]}, "deal_type": {"value": "Acquisition often characterized as an acqui-hire focused on payments talent and assets", "source_urls": ["https://techcrunch.com/2017/02/22/airbnb-finalizes-deal-to-buy-social-payments-startups-tilt/", "https://www.businessinsider.com/airbnb-acquisitions-tilt-crashpadder-nabewise-2020-1"]}, "reported_price": {"value": "TechCrunch reported investors would get about $12 million in cash, with total deal value tens of millions higher including employee retention packages; Business Insider cites other reports between $10 million and $20 million, while TechCrunch sources suggested it could be higher than $50 million when retention is included.", "source_urls": ["https://techcrunch.com/2017/02/22/airbnb-finalizes-deal-to-buy-social-payments-startups-tilt/", "https://www.businessinsider.com/airbnb-acquisitions-tilt-crashpadder-nabewise-2020-1", "https://skift.com/2017/02/23/airbnb-buys-payments-company-tilt-travelers-split-trip-costs/"]}, "post_acquisition_status": {"value": "Airbnb kept the app operational initially, but the Tilt standalone platform was eventually shut down/retired; sources commonly place retirement in June 2017.", "source_urls": ["https://techcrunch.com/2017/02/22/airbnb-finalizes-deal-to-buy-social-payments-startups-tilt/", "https://www.businessinsider.com/airbnb-acquisitions-tilt-crashpadder-nabewise-2020-1", "https://en.wikipedia.org/wiki/Tilt.com"]}, "strategic_rationale": {"value": "Airbnb sought Tilt's payments talent/technology to support community-oriented/group travel and payments experiences, including Trips and group travel features.", "source_urls": ["https://techcrunch.com/2017/02/22/airbnb-finalizes-deal-to-buy-social-payments-startups-tilt/", "https://skift.com/2017/11/28/airbnb-makes-good-on-startup-acquisition-with-launch-of-split-payments-for-group-travel/"]}}