Chamath Palihapitiya’s next ‘blank check’ target could be Opendoor

Chamath Palihapitiya’s next ‘blank check’ target could be Opendoor

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Residential property marketplace operator Opendoor Labs Inc. is reportedly in advanced talks to go public through a merger with one of venture investor Chamath Palihapitiya's "blank check" companies. Bloomberg cited unnamed sources in a report on Thursday that said Palihapitiya's Palo Alto-based Social Capital Hedosophia Holdings II is discussing raising fresh equity to help fund the deal. It said that the combined company would be valued at around $5 billion in the deal. San Francisco-based Opendoor…

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