Softbank-Backed Getaround in SPAC Merger Talks: Report

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Getaround, a car-sharing startup backed by SoftBank Group, is in talks to go public through a merger with Altitude Acquisition, Reuters reports, citing people familiar with the matter.

The company has confidentially sought investors to participate in the deal through a PIPE at a valuation of around $1.7 billion. Read more.

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