Mergers & acquisitions
Verbit mulls merger with US co 3Play Media
The merger of the transcription companies would take place in collaboration with US investment bank Goldman Sachs and form a profitable company with $130 million annual recurring revenue.
Harel gives up on acquiring Isracard
In the face of the Competition Authority's opposition, the board of insurance group Harel has decided not to pursue the deal to buy the credit card company.
Harel not ready to give up on Isracard
Harel is considering an appeal against the Competition Authority's nixing of the merger with the credit card company, while two other suitors await developments.
Cloud security co Wiz buys Israeli startup Rafft
The acquisition, the first by Wiz, is estimated to be in the tens of millions of dollars. Wiz CEO Assaf Rappaport: Acquiring Rafft will assist in our efforts to promote secured development in the cloud.
Harel, Isracard extend merger deadline
Isracard's share price plunged in the past two weeks amid assessments that the deal with Harel would not go ahead, but it is up nearly 15% in today's session.