Two wild weeks for Grail end in $8B Illumina buyout
Grail’s whirlwind two weeks have ended in the wealthy arms of its former founder and benefactors.
Illumina has shelled out $8 billion to reacquire the closely-watched liquid biopsy startup they spun out just 5 years ago and sold off much of its shares just 3 years ago. The deal comes nearly two weeks after the well-heeled startup filed for a potentially massive IPO — one that was disrupted just a week later when Bloomberg reported that Illumina was in talks to buy their former spinout for up to $8 billion.
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