Airbnb Inc., operator of a website that lets people rent out rooms and residences, is raising about $150 million in new funding that values the company at about $2.5 billion, said people familiar with the matter.
AOL Inc. Chief Executive Officer Tim Armstrong is talking with advisers to Yahoo! Inc. to gauge its interest in combining the companies after the ouster of CEO Carol Bartz, according to two people familiar with the matter.
Yahoo! Inc. , owner of the largest Web portal in the U.S., plans to eliminate about 650 jobs, or 5 percent of its workforce , part of its two-year-old turnaround effort, according to a person familiar with the matter.