Babylon Said in Talks to List Via Alkuri Global Acquisition (KURI) - Bloomberg

April 13, 2021 8:30 AM EDT

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(Updated - April 13, 2021 8:38 AM EDT)

Babylon, the medical startup that connects patients and doctors via an app, is going public in a merger with blank-check company, Alkuri Global Acquisition (NASDAQ: KURI), according to Bloomberg, citing sources.

The U.K. based health-care group could reach a deal with Alkuri in the coming weeks. Babylon could be valued at $3 billion to $4 billion.

Alkuri is starting to raise an additional PIPE pool of around $300 million to help fund a deal.

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