atans1

Temasek’s US$800m investment in obscure Google unit

In Indonesia, Temasek on 05/09/2019 at 1:19 pm

In 2017, Verily secured U$800m from Temasek in exchange for a “minority stake” (Que the usual KPKBing from TOC and other cybernuts). Funny, they very quiet when earlier this year, Silver Lake (tua kee private equity tech investor) and Ontario Teachers’ Pension Plan (tua kee savvy investor) invested US$1bn for “minority stakes” in Verily.

What is Verily?

Verily is Alphabet Inc.’s research organization devoted to the study of life sciences. The organization was formerly a division of Google X, until August 10, 2015, when Sergey Brin announced that the organization would become an independent subsidiary of Alphabet Inc.

Wikipedia

It made $ in 2016: https://www.vox.com/2016/4/13/11586102/verily-alphabet-profitable. Nothing heard since then.

It is, often through partnerships with healthcare companies or universities, using health data for clues that might predict and prevent diseases. Tools it uses include search, AI, cloud services and other such high tech stuff.

 

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  1. As I’ve said all the way back in 2010, 2011 ……… follow what the PAPies do, not what they say.

    GIC & TH have done well recently in PE, but that’s thanks to money being cheaper than shit (at least in the VC & PE world). Valuations of unicorns have risen just becoz rich dudes & institutions have been throwing money at them, not becoz of growing profitability or even profitability in the 1st place. It’s a case of TINA colliding with greater fool investing.

    However for all their overpaid analysts & managers, both GIC & TH have merely kept pace with passive global indices over the last 10+ years. For their performance to pull ahead of passive indices, the PE fairy tale will need to endure for another 5 years. And they need to have fortune-telling prescience to get out before the crash.

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