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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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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