Bloomberg: Lodging Firm Sonder is in Talks with Gores Metropoulos

The Gores Group

Lodging startup Sonder, which decks out apartments and hotel rooms as hip short-term rentals, is in talks to merge with Gores Metropoulos II, Bloomberg reports, citing sources familiar with the matter.

A transaction between Sonder and the Gores SPAC is set to value the combined entity at more than $2.5 billion, said one of the people. Terms haven’t been finalized and talks could still fall apart.

Representatives for Sonder and Gores declined to comment.

Last year, Sonder reached a valuation of $1.3 billion after a funding round. Read more.

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