Sin­ga­pore in­vestors at Temasek grab an $800M stake in Google’s Ver­i­ly

Sin­ga­pore-based Temasek is sink­ing $800 mil­lion in­to Ver­i­ly, Google’s life sci­ences di­vi­sion which has set out to com­mer­cial­ize new prod­ucts glob­al­ly.

Most of that mon­ey will land in Q1, with the rest com­ing be­fore the end of the year. In ex­change, Temasek is gain­ing a mi­nor­i­ty stake in Ver­i­ly and will be dis­patch­ing a new board mem­ber to rep­re­sent its in­ter­est.

The in­vest­ment com­pa­ny has a $242 bil­lion port­fo­lio with in­ter­ests that cov­er a broad range of fields, in­clud­ing life sci­ences, spe­cial­ly fo­cused on emerg­ing mar­kets. Now it will col­lab­o­rate with Ver­i­ly on its glob­al mar­ket­ing plans.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER