Sonder to Go Public at $2.2 Billion Valuation as Short-Term Rental Sector Stays Hot
Skift Take
The quasi-hotel company has announced a deal with Gores' special purpose acquisition company.
San Francisco's short-term rental startup Sonder has reached a merger agreement with Gores Metropoulos II Inc.
The company, which signs master leases with landlords to turn units into short-term rentals, announced the deal on Friday after speculation earlier this month.
Join Us at the Skift Short-Term Rental and Outdoor Summit on May 19
Gores Metropoulos II Inc. was set up in December last year, and is a newly organized blank check company — or special purpose acquisition corporations (SPACs