News Briefs

Sonder to go public via merger with Gores SPAC: Reuters

Lodging startup Sonder has agreed to go public via a merger with Gores Metropoulos II, a blank check company backed by The Gores Group, reported Reuters.

-

Sonder, a San Francisco- and Montreal-based hospitality brand, has agreed to go public via a merger with Gores Metropoulos II, a blank check company backed by Gores Group, Reuters reported. The news wire noted that the value of the combined company, which will operate under the Sonder name, is around $2.2 billion. Goldman Sachs is acting as the financial advisor to Sonder on the transaction while Morgan Stanley is the lead financial advisor to Gores Metropoulos.

Source: Reuters