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Alphabet Invests $375M In Oscar, Gains A 10% Stake

Alphabet, Google's parent company, has invested $375 million in the health insurance company, Oscar Health. TechCrunch reports that the $165 million round the company raised in March valued the health startup at around $3 billion. And while the new round maintains a similar valuation for the company, it gives Alphabet a 10% share in Oscar. The deal also finds longtime Google employee and former CEO Salar Kamangar joining Oscar’s board.

Read the whole story at TechCrunch »

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