Temasek pumping US$800 million into Alphabet's medical unit
It will get minority stake and board seat in Verily; deal will help latter expand into China
Sat, Jan 28, 2017 - 5:50 AM
Temasek's investment supports the move by Alphabet CEO to run each of his subsidiaries as independent companies.
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ALPHABET Inc's medical arm, Verily Life Sciences LLC, is getting a major influx of cash from a Singapore investment company, boosting the odds of taking their futuristic approach to healthcare into Asian markets.
Temasek Holdings Pte Ltd, with US$415.8 billion in...