Exclusive Resorts is a luxury travel company that has made a cash-only bid to purchase Inspirato. The move could potentially derail Buyerlink’s reverse merger plans with the automotive marketplace.
Inspirato, in a financial statement filed on Tuesday, stated that the proposal for an all-cash transaction made last Thursday would probably lead to a “superior offer.” As a consequence, it would be willing to engage, under certain conditions, in discussions with Exclusive Resorts. Exclusive Resorts’ chairman and controlling shareholder is Steve Case, co-founder of AOL.
Inspirato’s board of directors continued to recommend Buyerlink despite the lack of a deal. Voting will take place at a special meeting scheduled for September 19, and the results are expected to be announced then.
The Buyerlink Deal
Payam Zamani, CEO of Inspirato, is also the CEO of Buyerlink. Both companies are marketed as lead generation solutions providers.
