Lodging Firm Sonder Agrees to $2.2 Billion Gores SPAC Merger

Lodging startup Sonder, which decks out apartments and hotel rooms as hip short-term rentals, has agreed to merge with special purpose acquisition company Gores Metropoulos II Inc.

The deal will give the combined entity an enterprise value of about $2.2 billion, according to a statement Friday that confirmed an earlier Bloomberg News report. It includes a $200 million private placement led by an affiliate of The Gores Group, the investment firm founded by the SPAC’s chief executive officer, Alec Gores.