Inspirato Considers Rival Bid From Exclusive Resorts
Photo Credit: A still from an Inspirato commercial featuring one of its properties in 2020. Inspirato
Skift Take
At an infinitesimal fraction of the scale, an Inspirato-Buyerlink reverse merger, with both entities controlled and operated by Payam Zamani, would be something akin to Musk's Tesla going out and making a deal to acquire his AI startup xAI. Neither would be a good look.
Luxury travel club Exclusive Resorts has made an all-cash bid to acquire Inspirato, potentially derailing the company’s planned reverse merger with automotive marketplace Buyerlink.
In a financial filing Tuesday, Inspirato stated that the proposed all-cash deal made last week would likely lead to a "superior proposal," and as a result, it would engage under certain conditions in discussions with Exclusive Resorts, whose chairman and controlling shareholder is AOL co-founder Steve Case.
However, with no firm deal in hand, the Inspirato board continued to recommend the deal with Buyerlink, with the voting due to be tallied at September 19 special meeting.
The Buyerlink DealPayam Zamani is CEO of both Inspirato and Buyerlink, which pitches itself as a lead-generation solutions provider,
