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Illumina In Talks To Acquire Cancer Startup Backed By Jeff Bezos, Bill Gates At $8B: Report

A week after filing for an initial public offering with the Securities and Exchange Commission, reports are suggesting that the cancer detection startup Grail Inc. could be acquired by a larger healthcare company.

What Happened: According to Bloomberg, Illumina Inc (NASDAQ: ILMN) is valuing Grail at $8 billion in their merger talks. Both companies haven’t yet release any official comments on the matter.

Grail was established as an independent company back in 2016, with a …

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