Babylon’s $4 bln SPAC is big bet on U.S. pivot

Babylon Holdings

03/06/2021 16:11

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Aimee Donnellan
    LONDON, June 3 (Reuters Breakingviews) - The healthcare app
sealed a merger with blank-cheque company Alkuri Global
Acquisition. Its roots are in the UK, where its artificial
intelligence received a mixed welcome. Babylon’s future rests on
managing similar blowback and rivals’ competition in the U.S.   
    Full view will be published shortly.
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    CONTEXT NEWS
    - Babylon Health, an app that connects doctors to patients,
agreed a merger with blank-cheque company Alkuri Global
Acquisition Corp on June 3. 
    - The deal valued Babylon at an enterprise value of about
$3.6 billion. The transaction is expected to close in the second
half of 2021.
    - For previous columns by the author, Reuters customers can
click on  DONNELLAN/ 

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Online health startup Babylon to go public via $4.2 bln SPAC
deal     urn:newsml:reuters.com:*:nL3N2NL3DQ
Babylon statement    https://www.babylonhealth.com/press/babylon-announces-plans-to-become-a-public-company-via-4.2-billion-merger-with-alkuri-global-acquisition-corp
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
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 | Editing by George Hay and Oliver Taslic)
 ((Aimee.Donnellan@thomsonreuters.com; Reuters Messaging:
Aimee.Donnellan.thomsonreuters.com@reuters.net))