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Talkspace Strikes $1.4 Billion Merger With Hudson Executive (1)

Jan. 13, 2021, 6:57 PM

Online therapy provider Talkspace has agreed to merge with Hudson Executive Investment Corp., the blank-check firm run by former JPMorgan Chase & Co. executive Doug Braunstein.

The deal is worth $1.4 billion and will provide Talkspace with $250 million for investing in growth, according to a statement Wednesday, confirming a report in Bloomberg News. Hudson is raising $300 million to support the deal from investors including Federated Hermes Kaufmann Funds, Jennison Associates and Woodline Partners LP.

The company will trade on the Nasdaq under the symbol TALK.

About 80% of behavioral health visits can be done remotely, Talkspace ...