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Verily Mulls Asian Acquisitions, Partnerships With $800m Temasek Cash

 
• By Tina Tan

Verily looks eastward for more health-care opportunities, with a significant $800m investment from Temasek, a Singapore-based investor with established links and experience in Asia.

China globe
China is a major health care target market for Temasek and Verily • Source: shutterstock.com

Verily Life Sciences LLC, formerly Google Life Sciences, plans to expand its global reach through acquisitions or more partnerships, using an $800m cash injection from new Singapore-based investor Temasek.

Temasek has a $180bn portfolio across several industries, including health care, with around 69% of its investments rooted in Asia: 29% in Singapore and 40% in Asia outside Singapore. China...

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