Medical imaging provider Butterfly Network to merge with SPAC Longview in $1.5 billion deal

Dow Jones

20 Nov 2020

MW Medical imaging provider Butterfly Network to merge with SPAC Longview in $1.5 billion deal

Butterfly Network Inc. said Friday it has agreed to merge with special purpose acquisition corporation Longview Acquisition Corp. (LGVW) in a deal with an enterprise value of $1.5 billion. The combined company will list on the New York Stock Exchange under the ticker "BFLY." It will have about $584 million in cash to develop its digital imaging technology. Butterfly iQ is an ultrasound transducer that can perform "whole body imaging' with a single handheld probe using chip technology that connects to a mobile phone or tablet, the companies said in a statement. Butterfly's early investors include Baillie Gifford, The Bill and Melinda Gates Foundation and Fosun Industrial Co., Limited. Butterfly's aim is to make superior medical imaging at more affordable prices. The deal is expected to close in the first quarter of 2021. Longview shares were up 4% premarket.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

November 20, 2020 07:13 ET (12:13 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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(LGVW) in a deal with an enterprise value of $1.5 billion. The combined company will list on the New York Stock Exchange under the ticker \"BFLY.\" It will have about $584 million in cash to develop its digital imaging technology. Butterfly iQ is an ultrasound transducer that can perform \"whole body imaging' with a single handheld probe using chip technology that connects to a mobile phone or tablet, the companies said in a statement. Butterfly's early investors include Baillie Gifford, The Bill and Melinda Gates Foundation and Fosun Industrial Co., Limited. Butterfly's aim is to make  superior medical imaging at more affordable prices. The deal is expected to close in the first quarter of 2021. Longview shares were up 4% premarket. \n</p>\n<p>\n  -Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  November 20, 2020 07:13 ET (12:13 GMT)\n</p>\n<p>\n  Copyright (c) 2020 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Medical imaging provider Butterfly Network to merge with SPAC Longview in $1.5 billion deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMedical imaging provider Butterfly Network to merge with SPAC Longview in $1.5 billion deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2020-11-20 20:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Medical imaging provider Butterfly Network to merge with SPAC Longview in $1.5 billion deal\n</p>\n<p>\n  Butterfly Network Inc. said Friday it has agreed to merge with special purpose acquisition corporation <a href=\"https://laohu8.com/S/LGVW\">Longview Acquisition Corp</a>. (LGVW) in a deal with an enterprise value of $1.5 billion. The combined company will list on the New York Stock Exchange under the ticker \"BFLY.\" It will have about $584 million in cash to develop its digital imaging technology. Butterfly iQ is an ultrasound transducer that can perform \"whole body imaging' with a single handheld probe using chip technology that connects to a mobile phone or tablet, the companies said in a statement. Butterfly's early investors include Baillie Gifford, The Bill and Melinda Gates Foundation and Fosun Industrial Co., Limited. Butterfly's aim is to make  superior medical imaging at more affordable prices. The deal is expected to close in the first quarter of 2021. Longview shares were up 4% premarket. \n</p>\n<p>\n  -Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  November 20, 2020 07:13 ET (12:13 GMT)\n</p>\n<p>\n  Copyright (c) 2020 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2084238137","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2084238137","pubTimestamp":1605874380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW Medical imaging provider Butterfly Network to merge with SPAC Longview in $1.5 billion deal\n\n\n  B","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"医学影像提供商Butterfly Network将与SPAC Longview以15亿美元合并","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LGVW":0.9},"content_text":"MW Medical imaging provider Butterfly Network to merge with SPAC Longview in $1.5 billion deal\n\n\n  Butterfly Network Inc. said Friday it has agreed to merge with special purpose acquisition corporation Longview Acquisition Corp. (LGVW) in a deal with an enterprise value of $1.5 billion. The combined company will list on the New York Stock Exchange under the ticker \"BFLY.\" It will have about $584 million in cash to develop its digital imaging technology. Butterfly iQ is an ultrasound transducer that can perform \"whole body imaging' with a single handheld probe using chip technology that connects to a mobile phone or tablet, the companies said in a statement. Butterfly's early investors include Baillie Gifford, The Bill and Melinda Gates Foundation and Fosun Industrial Co., Limited. Butterfly's aim is to make  superior medical imaging at more affordable prices. The deal is expected to close in the first quarter of 2021. Longview shares were up 4% premarket. \n\n\n  -Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  November 20, 2020 07:13 ET (12:13 GMT)\n\n\n  Copyright (c) 2020 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}