Social Capital Hedosophia Holdings (IPOB) to Combine with Opendoor Labs in $4.8Bn Deal

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Social Capital Hedosophia Holdings (IPOB) to Combine with Opendoor Labs in $4.8Bn Deal

Social Capital Hedosophia Holdings II (NYSE:IPOB) announced this morning that it had entered into a definitive business combination with digital home marketplace Opendoor Labs, in a deal that would give the company an enterprise value of $4.8 billion. San Francisco-based Opendoor provides a platform for customers in 21 markets to buy and sell homes digitally,
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