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While this is good for the industry, I'm not sure where that...

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Kotlass

614 Posts.

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24/09/21

18:58

Post #: 56335480
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Originally posted by F.R.E.S.H: ↑

“Headspace Inc., which makes a popular meditation app, will merge with Ginger, a company recently valued at $1 billion by investors including Blackstone Group Inc. -- creating one of the largest startups focused on mental health.The combined entity will be called Headspace Health, the companies said in a statementWednesday. Headspace Health will have a valuation of about $3 billion, according to a person familiar with the terms who asked not to be identified because the information is private”

Article link - https://www.bloomberg.com/news/articles/2021-08-25/meditation-app-headspace-acquires-blackstone-backed-ginger

Just found this article with about Mental health app Headspace. Guess timing really is right for MEB now with Luca launching, immense world focus on mental health, and a high profile advisory team to drive up the promotion.

Slightly more bullish now that the wait may pay off…

FRESH

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While this is good for the industry, I'm not sure where that leaves a new/small entrant. Would MEB be able to compete against the established players? Can they be muscled out of the market or a big player could be enticed by MEB's offerings and take over MEB?

MEB Price at posting: 0.8¢ Sentiment: Buy Disclosure: Not Held
4 Upvote

0 Great analysis

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