Deals
Web Doctor Babylon in Talks to List Via Ex-Groupon CEO SPAC
- U.K. firm exploring merger with Rich Williams’s Alkuri Global
- Babylon may be valued up to $4 billion after SPAC approaches
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Babylon, the medical startup that connects patients and doctors via an app, is in talks to go public in a merger with blank-check company run by former Groupon Inc. executives, according to people familiar with the matter.
The U.K.-based health-care group could reach an agreement with Alkuri Global Acquisition Corp. in the coming weeks, the people said, asking not to be identified discussing confidential information. Babylon could be valued at $3 billion to $4 billion in any deal, the people said.