Peter Thiel-backed SPAC eyes merger with PropertyGuru: Report

Peter Thiel-backed SPAC eyes merger with PropertyGuru: Report

Photo: PropertyGuru

Bridgetown 2 Holdings, the special purpose acquisition company (SPAC) formed by billionaires Peter Thiel and Richard Li, is considering merging with Singapore-based online real estate portal PropertyGuru Group, according to a Bloomberg report.

The report, which quoted people with knowledge of the matter, said the SPAC’s discussions with PropertyGuru, which is backed by private equity giants KKR & Co and TPG, are ongoing and a potential deal could be announced as soon as July.

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