Teladoc is buying Livongo Health for $18.5 billion in cash and stock
Teladoc Health Inc.
and Livongo Health Inc. said Wednesday they have agreed to merge in a deal valued at $18.5 billion to create a company that can serve a spectrum of health needs, using virtual care. Under the terms of the deal, Livongo shareholders will receive 0.592x shares of Teladoc plus $11.33 in cash per share owned. Teladoc shareholders will own abut 58% of the combined entity, while Livongo shareholders will own the remaining 42%.
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