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Airbnb

Home-sharing company Airbnb is in talks to acquire Luxury Retreats, a Montreal-based high-end rentals company, as Bloomberg first reported and Axios has also heard from a source familiar with the deal.

The details: Airbnb is expected to pay somewhere "in the $200 millions," the source tells Axios, and the deal will reportedly to be approved by Airbnb's board this week, according to Bloomberg. Luxury Retreats' Canada-based jobs will remain there, and the company is reportedly profitable.

Backstory: The acquisition follows a meeting between Airbnb and Canada's ambassador to the U.S. last year, during which he encouraged the company to invest more heavily in creating jobs in Canada, said the source.

Why it matters: Luxury Retreats, which operates in 90 markets worldwide, will nicely extend Airbnb's footprint in high-end vacation rentals. This will also let Airbnb tap into a clientele that is likely to pay for tourism services, which Airbnb began to offer in November. Luxury Retreats already provides its customers with a concierge service for booking services like private chefs and massages, which Airbnb is reportedly eager to incorporate into its own service, according to Bloomberg. As Airbnb slowly inches toward an eventual IPO, additional revenue sources like tourism services will play an important role in showing that it's more than a home-sharing company.

Go deeper

NRA files for bankruptcy, says it will reincorporate in Texas

Wayne LaPierre of the National Rifle Association (NRA) speaks during CPAC in 2016. Photo: Saul Loeb/AFP via Getty Images

The National Rifle Association said Friday it has filed for voluntary bankruptcy as part of a restructuring plan.

Driving the news: The gun rights group said it would reincorporate in Texas, calling New York, where it is currently registered, a "toxic political environment." Last year, New York Attorney General Letitia James filed a lawsuit to dissolve the NRA, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives.

54 mins ago - Politics & Policy

Biden: "We will manage the hell out of" vaccine distribution

Joe Biden. Photo: Chip Somodevilla / Getty Images

President-elect Joe Biden promised to invoke the Defense Production Act to increase vaccine manufacturing, as he outlined a five-point plan to administer 100 million COVID-19 vaccinations in the first months of his presidency.

Why it matters: With the Center for Disease Control and Prevention warning of a more contagious variant of the coronavirus, Biden is trying to establish how he’ll approach the pandemic differently than President Trump.

A new Washington

Photo: Stefani Reynolds/Getty Image

D.C. Mayor Muriel Bowser said Friday that the city should expect a "new normal" for security — even after President-elect Biden's inauguration.

The state of play: Inaugurations are usually a point of celebration in D.C., but over 20,000 troops are now patrolling Washington streets in an unprecedented preparation for Biden's swearing-in on Jan. 20.