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BloombergIPOMatterport Going PublicNews

Bloomberg: Matterport in Merger Talks with Gores SPAC-$2 Billion Valuation14165

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Bloomberg (5 February 2021) Matterport Is in Merger Talks With Gores SPAC

According to Bloomberg:

Matterport Inc., a maker of software for virtual walk-throughs of properties, is in advanced talks to list via a blank-check company, according to people familiar with the matter.

A deal with Gores Holdings VI Inc. could be announced as soon as next week [week of 7 February 2021], said one of the people, asking not to be identified because the matter is private. The transaction is set to value the combined entity at more than $2 billion, the person said.

A representative for Gores Holdings VI declined to comment. A spokesperson for Matterport, based in Sunnyvale, California, didn’t immediately respond to a request for comment.

Source: Bloomberg

I encourage you to read the entire story.

Your thoughts?

Dan
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Can a company be acquired with active litigation? I say no.
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The question is: who will be first?

Matterport with the going public or 3D Vista with the release of the dollhouse feature?

Second might probably blow this 2 Billion Dollar balloon valuation.

My opinion: let all the greedy investors with their management make this money and go away. Maybe this is the solution for the product.

I would prefer to read headlines like this: Matterport fixed the 360 placement tool after more than 2 years in beta. Happy Matterport clients flooded social media with 3D tours.
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WGAN
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CNBC (8 February 2021) Matterport CEO on going public through SPAC deal with Gores Group
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Hi All,

Over the weekend, I was wondering:

✓ whom leaked the news February 5, 2021 that was officially announced today (Monday, 8 February 2021)?
✓ what was the motivation for leaking the news?
✓ given that this leak involved a publicly traded company, even more surprising that the news was leaked

Today (Monday, 8 February 2021), I wonder how Matterport kept this news a secret as long as they did.

Your thoughts?

Dan

P.S. total equity value of approximately $2.9 billion [Value of the deal] (more than the "more than $2 billion" that Bloomberg first reported.
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Bloomberg (8 February 2021) Matterport to Go Public Via Alec Gores SPAC in $2.9 Billion Deal

"To support the transaction, the companies will raise about $295 million from investors including Tiger Global Management, Senator Investment Group, Dragoneer Investment Group and Fidelity Management & Research Co.," reports Bloomberg.

(An updated Bloomberg article.)

Dan
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