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U.K. Health Startup Babylon to Go Public in U.S. in $4.2 Billion SPAC Deal

By
Mark Di Stefano
· · Source: The Information

Babylon Health—maker of a popular telehealth app—has announced it plans to go public in the U.S. via a merger with a Tennessee-based special purpose acquisition at a valuation of $4.2 billion. The British company said the planned merger with the SPAC called Alkuri Global Acquisition Corp., led by former Groupon executives Rich Williams and Steve Krenzer, would include $525 million from the...

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