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Babylon Weigh Take-Private Not Long After SPAC Deal

  • Health tech company looks to tackle falling share price
  • Babylon shares down about 90% since SPAC deal last October
Updated on

The owners of Babylon Holdings Ltd. are starting to consider the possibility of taking the health tech company private, less than a year after it went public, people familiar with the matter said.

Babylon, founded by its Chief Executive Officer Ali Parsa, has been holding preliminary discussions with some investors about how to address a crumbling share price that’s wiped almost $4 billion off its value since its October listing in New York, the people said.