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

bizjournals Friday, 11 September 2020 ()
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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