Talkspace Working With Advisers on Possible Sale

  • Online therapy app has held discussions with potential suitors
  • Discussions come as pandemic accelerates telemedicine growth
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Talkspace, an online therapy app promoted by celebrities including swimmer Michael Phelps and singer Demi Lovato, is working with an adviser on a potential sale, according to people with knowledge of the matter.

The New York-based company could be valued at about $1 billion in a sale, said one of the people, who asked to not be identified because the talks are private.