Patrick Drahi buys Mirs

Drahi apparently paid $170-180 million to buy the mobile carrier from Motorola.

Sources inform ''Globes'' that French businessman Patrick Drahi has won the Motorola Inc. (NYSE: MOT) tender for the acquisition of Mir Communications Ltd. The deal was signed last night after a difficult and protracted bidding process against Hezi Bezalel.

Sources inform "Globes" that Drahi apparently paid $170-180 million for Mirs. In recent days, Bezalel tried to raise his offer to $200 million, but sources inform "Globes" that Drahi already had exclusivity.

Published by Globes [online], Israel business news - www.globes-online.com - on December 10, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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