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Hims Said in Talks to Go Public Via Oaktree Blank-Check Company

  • Telemedicine company could be valued at about $2 billion
  • Deal is latest in rush for SPAC transactions amid pandemic

Hims Inc., a telemedicine company that sells wellness and health-care products, is in talks to go public through a merger with blank-check company Oaktree Acquisition Corp., according to people with knowledge of the matter.

The deal could value Hims at about $2 billion, according to the people, who asked not to be identified because the discussions are private. Oaktree is in talks with investors to raise about $100 million to help fund the transaction, the people said.