Hospitality company Sonder going public via merger with SPC Gores Metropoulos in $2.2 billion deal

Sonder Holdings Inc., a high-tech hospitality company, said Friday it is going public via a merger with special purpose acquisition corporation Gores Metropoulos II Inc. in a deal with a pro forma enterprise value of $2.2 billion. The company will have $650 million in cash, while additional investors, including Fidelity Management & Research Company LLC, funds and accounts managed by BlackRock, Atreides Management, LP, entities affiliated with Moore Capital Management, Principal Global...