NEW YORK: A blank-cheque acquisition firm backed by veteran investment banker Alan Mnuchin is in talks to merge with digital health startup Sharecare Inc and take it public, people familiar with the matter said.
Under the terms of the proposed deal, Sharecare would buy Palo Alto-based healthcare artificial intelligence startup Doc.ai and then merge with Mnuchin’s special purposed acquisition company (SPAC) Falcon Capital Acquisition Corp, the sources said. The deal with Falcon would value the combined entity at close to US$4bil, one of the sources added.
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