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Share this article Share this article LONDON and NASHVILLE, June 3, 2021 /PRNewswire/ -- Babylon Holdings Limited ("Babylon"), a world leading, digital-first value-based care company, and Alkuri Global Acquisition Corp. (NASDAQ:KURI)  ("Alkuri Global"), a special purpose acquisition company, today announced that they have entered into a definitive merger agreement. Upon closing of the transaction, the combined company will operate as Babylon and plans to trade on Nasdaq under the new symbol "BBLN". The transaction reflects an initial pro forma equity value of approximately $4.2 billion. The ...

The deal is expected to close in the second half of 2021 and be worth roughly $4.2 billion.

Dive Brief: Digital-first value based care startup Babylon plans to go public via a merger with a special purpose acquisition company, the latest in a rash of digital health companies entering the public markets spurred by the coronavirus pandemic. The transaction implies a $3.6 billion enterprise value for London-based Babylon, which offers an AI-enabled chatbot and other remote digital health tools, and will net the company an estimated $575 million in proceeds. Babylon is relatively fresh to the U.S. market, launching officially in the country early last year. It plans to use the influx o...