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 executives, Bloomberg reports, citing people familiar with the matter.
The U.K.-based health-care group could reach an agreement with Alkuri Global Acquisition 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, the people said.
Alkuri is starting to raise an additional private investment in public equity pool of around $300 million to help fund a deal and already has support from several investors. Read more.
