Deals
TPG-Backed PropertyGuru Eyes $2 Billion Thiel SPAC Deal
- A deal could value combined company at as much as $2 billion
- An announcement could come as soon as July as talks continue
Condominiums in Singapore.
Photographer: Wei Leng Tay/BloombergThis article is for subscribers only.
Bridgetown 2 Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is in advanced talks to merge with Singapore’s online real estate firm PropertyGuru Pte, according to people with knowledge of the matter.
The special purpose acquisition company has been in discussions with PropertyGuru on the potential deal, which could be announced as soon as next month, said the people, who asked not to be identified as the information is private. A transaction could value the combined firm at as much as $2 billion, the people said.