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.

Endpoints News

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.