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Online health startup Babylon to go public via $4.2 bln SPAC deal

June 3 (Reuters) - British health tech startup Babylon Health said on Thursday it has agreed to go public through a merger with a blank-check firm led by former Groupon chief Rich Williams, valuing the combined company at a pro forma equity value of $4.2 billion.

Babylon will merge with Alkuri Global Acquisition Corp and will trade on the Nasdaq under the new ticker symbol “BBLN”.

Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri

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