SoftBank-backed Opendoor to merge with blank cheque firm Social Capital II, and go public

SoftBank-backed Opendoor to merge with blank cheque firm Social Capital II, and go public

Ricky Singh/Unsplash

SoftBank-backed home-selling platform Opendoor is going public through a merger with a blank-cheque company led by venture investor Chamath Palihapitiya in a deal that will value the combined entity at $4.8 billion, the companies said on Tuesday.

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