Tempus AI Acquires Personalis for $1.5 Billion; Both Stocks Decline
Deals·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Tempus AI has agreed to acquire Personalis in a stock-for-stock merger valued at $1.5 billion. Following the announcement, both companies' stocks experienced a decline.
The merger is expected to combine the strengths of both firms in the genomic data analysis space, although market reactions have been negative, impacting their stock prices.
Tempus AIPersonalis
Sources
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SourceReports the news
“Tempus AI Buys Personalis for $1.5 Billion, and Both Stocks Sink”
Barron's — Tempus AI Buys Personalis for $1.5 Billion, and Both Stocks Sink“Personalis (NASDAQ: PSNL) agrees to stock-for-stock merger with Tempus AI”
stock titan — Personalis (NASDAQ: PSNL) agrees to stock-for-stock merger with Tempus AI