Sonder Said in Talks with Gores Metropoulos II (GMII) - Bloomberg

April 7, 2021 2:40 PM EDT

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(Updated - April 7, 2021 2:44 PM EDT)

(Updated - April 7, 2021 2:40 PM EDT)

Lodging startup Sonder, which decks out apartments and hotel rooms as hip short-term rentals, is in talks to merge with black-check company Gores Metropoulos II (NASDAQ: GMII), according to-Bloomberg, citing people familiar with the matter.

A transaction is set to value the combined entity at more than $2.5 billion.

Terms haven't been finalized.

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