Airbnb’s investors will be paid $25.6m to take control of AirBnb

Airbnb’s investors will be paid $25.6m to take control of AirBnb

Airbnb’s board of directors has approved a $25m investment from the hedge fund billionaire John Paulson.The board, which was previously chaired by Paulson, approved the proposal on Wednesday, according to a person familiar with the matter.Paulson’s portfolio company, Elliott Management, will own 10.7 per cent of AirBsbn.It will also own 10 per cent in the…