A blank-check acquisition firm backed by veteran investment banker Alan Mnuchin is in talks to merge with Sharecare, Inc. and take it public, people familiar with the matter said on January 26, 2021. Under the terms of the proposed deal, Sharecare would buy Doc.ai, Inc. and then merge with Falcon Capital Acquisition Corp. (NasdaqCM:FCAC), the sources said.

The deal with Falcon would value the combined entity at close to $4 billion, one of the sources added. The transaction could be announced as soon as this week, the sources said, cautioning that negotiations might still falter. The sources requested anonymity because the matter is confidential.

Representatives for Sharecare, Falcon and Doc.ai did not immediately respond to requests for comment.