Mergers & acquisitions

Wix will pay $80 million and milestone payments for a company, which only has six employees and has not raised any money.

Shape AI's investors include Wiz CEO Assaf Rappaport and former Hippo CEO Assaf Wand, through the Mensch Fund.

A previous deal between the two companies, at a much higher price, ran into regulatory difficulties in the US.

Veriti, founded by former Check Point employees, has developed a platform that proactively monitors and identifies gaps and misconfigurations in data security, and automatically repairs them.

The Israeli Competition Authority was concerned that the merger would crowd out competing apps such as Cellopark in the parking payments sector and Yango in the taxi sector.

As regulators in the US, EU and UK scrutinize the $32 billion deal, "Globes" assesses the chances of the acquisition being approved.

Israel Aerospace Industries and Phoenix Underwriting have made a debt settlement proposal that will leave the former in control of the satellite company.

The US diagnostics giant will pay $80 million for the company, which will become its Israeli development center.

The bid for Discount Bank's 72% stake in credit card company Cal is non-binding at this stage. Several foreign investment firms have also expressed interest.

The acquisitions of Indian company Candela Labs and UK-based AdvantageGo total $80 million.

"Globes" was the first to report earlier this month that Palo Alto Networks, founded by CTO Nir Zuk, was set to buy the US company for an estimated $650-700 million.

Sources inform "Globes" that on Palo Alto's radar is Protect AI.

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

Munich Re, an early investor in Next Insurance, is buying the 71% of the company, which serves small businesses in the US, that it does not already own.

The state's tax revenue from the deal is expected to be equivalent to about 2% in VAT.

Lagging its competitors in cloud and AI, and facing challenges to its core advertising business, Google could be looking to spend its way out of trouble.

Google has confirmed that an agreement has been signed for an all-cash deal. Wiz will remain an independent company under Google.

According to "The Wall Street Journal", Google parent company Alphabet is negotiating to buy the Israeli cloud computing security company for $30 billion.

The Competition Authority is considered the easier of the two regulatory hurdles that the deal must overcome, the other being the Supervisor of Banks.

Magic will become wholly owned by Matrix in a triangular reverse merger. The combined company is expected to have a market cap of NIS 7.7 billion.

Street Insider reports that the shipping company's CEO Eli Glickman in considering a management-led buyout.

Otorio's technology secures heavy industry and critical infrastructure against cyber attack.

Tel Aviv-based Metis has developed a solution that enables software developers to own, troubleshoot, remediate, and control cloud-native databases and prevent related production issues.

The US medical device company will pay up to $540 million for the Rehovot-based intravascular ultrasound device developer for treating high blood pressure.

CyberArk, which will pay $165 million for the US identity governance and administration company, has surpassed Teva to become Israel's second most valuable company.

The US private equity firm is paying NIS 186 million for the Petah Tikva-based company.

US private equity firm AE Industrial Partners has already paid $900 million for Israeli cyberattack company Paragon, even though the Defense Ministry is still examining the deal.

This is the US data security company's third acquisition in Israel over the past five years.

Israel Acquisitions Corp., headed by Shay and Ziv Elul, is to merge with Israel drone delivery technology company Gadfin.

Shahar Bar-Or tells "Globes" about the Herzliya-based enterprise storage startup's revival of fortunes, after it nearly went out of business in 2020, culminating in its $500 million acquisition by Lenovo.