Breaking News from the Newswire. Only about 12 hours late...
Market Chatter: Thiel, Li SPAC Bridgetown 2 Holdings in Merger Talks With Singapore's PropertyGuru
MT NEWSWIRES 3:42 PM ET 6/8/2021
Symbol Last Price Change
BTNB 10.28down +0.2 (+1.9841%)
QUOTES AS OF 03:48:22 PM ET 06/08/2021
03:42 PM EDT, 06/08/2021 (MT Newswires) -- Bridgetown 2 Holdings(BTNB) , the blank-check company sponsored by US venture capitalist Peter Thiel and Hong Kong tycoon Richard Li, is in advanced merger talks with PropertyGuru, a Singapore-based online real estate marketplace backed by KKR (KKR) and TPG Capital, Bloomberg News reported Tuesday, citing unidentified sources.
A transaction providing PropertyGuru with a US market listing via Bridgetown, formally classified as a special purpose acquisition company, might be announced as soon as next month, Bloomberg reported, citing those sources, who also said a deal might value the combined company at $2 billion.
A Bridgetown 2 Holdings(BTNB) representative would not comment, while PropertyGuru Chief Executive Officer Hari Krishnan said the company is always looking to any beneficial scenario to fund its growth but declined to comment further, the business news service reported.