InterPrivate II (IPVA) to Combine with Getaround in $900M Deal

InterPrivate II (NYSE:IPVA) has entered into a definitive agreement to combine with carsharing marketplace Getaround at an enterprise value of $900 million, or 3.9x its 2023E revenue. San Francisco-based Getaround allows users to rent out their cars to short-term renters in a similar model as Airbnb (NASDAQ:ABNB). The combined company is expected to trade on
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