Gores Metropoulos II (GMII) to Combine with Sonder Holdings in $2.2Bn Deal

Gores Metropoulos II, Inc. (NASDAQ:GMII) has entered into a definitive agreement to combine with next-generation hospitality firm Sonder Holdings at an enterprise value of $2.2 billion, or 3.6x its 2022E revenue. Lodging startup Sonder is working to redefine the guest experienced by transforming apartments and hotel rooms into short term rentals with a modern touch.
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