Gores Guggenheim, Inc. (GGPI) to Combine with Polestar in $20Bn Deal

Gores Guggenheim (NASDAQ:GGPI) has entered into a definitive agreement to combine with Swedish electric vehicle-maker (EV) Polestar at an enterprise value of $20 billion, or 3x its 2023E revenue. Founded in 2017, the Gothenburg, Sweden-based company produces two consumer EV models that are on the road in Europe, North America and China. The combined company
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