MERGERS & ACQUISITIONS

Market sources estimate the acquisition price for the dropship automation company at $150-200 million.

While last year saw stunning exits by Wiz, CyberArk and Armis, many exits saw Israeli startups sold for less than they had raised.

Both companies have set a deadline of this Thursday for Hot Mobile parent company Altice to sign a binding sale agreement.

At 64, in the midst of giving evidence in the Netanyahu corruption trial, former Walla! CEO Ilan Yeshua cofounded Seraphic Security, acquired this week by Crowdstrike.

Seraphic Security is engaged in browser security and has developed a complementary product to Crowdstrike's endpoint protection system.

In a tax dispute worth billions of dollars, the cybersecurity company, acquired by Google for $32 billion, claims its intellectual property is in the US.

Wenrix, which has developed a platform based on flight fare prediction algorithms and optimizing booking procedures, is being acquired for up to $300 million.

TRES Finance has developed a platform for managing, controlling and financially reporting digital assets.

Amnon Shashua tells “Globes” about the huge potential created by Mobileye’s acquisition of Mentee Robotics.

The deal has been approved by Intel, Mobileye’s controlling shareholder, without any participation by Amnon Shashua in the decision making process.

The Israeli marketing analytics company has raised $310 million to date.

The deal has not yet closed but a preliminary memorandum of understanding has been signed while the parties are still negotiating to finalize the details.

Insight Partners managing director Teddie Wardi tells “Globes” about Armis’s exit and the obstacles Israeli startups must surmount to become an international corporation.

The Israeli artificial intelligence company has started negotiations with various entities on a sale.

Pearl Cohen senior partner: Adv. Guy Lachmann: Israel has an abundance of attractive acquisition targets.

Armis CEO Yevgeny Dibrov and ServiceNow EVP Pablo Stern tell “Globes’ about the $7.75 billion acquisition and their joint plans for the future.

The US software company will also pay Armis employees hundreds of millions of dollars to remain in their jobs.

The acquisition, estimated at $40-50 million, will enable the US software company to open an Israeli development center.

The report also shows a major increase in the number of companies being sold for low amounts, after many companies that raised a lot of capital in 2021 did not prove they could grow.

According to a report by Bloomberg, a deal with US company ServiceNow could be announced within days.

Since the telecom products company listed on the TASE in 2020, it has made 14 acquisitions.

The German shipping giant is apparently not the only company to have expressed interest. ZIM's workers are fiercely opposed to a sale.

UK private equity firm Apax Partners has signed an agreement to acquire the Israeli second-hand market site from US private equity firm KKR.

The value of the deal is estimated in the tens of millions of dollars. Mine seeks to focus on products for the enterprise market.

Locusview, which has developed a digital construction management platform, has only raised $75 million, according to PitchBook.

Bezeq unit Pelephone has agreed to buy Hot Mobile for NIS 2.1 billion, subject to due diligence and regulatory approvals.

Doti has developed an AI-based “enterprise brain” that centralizes data and makes it accessible to workers.

Ofer owns 32% of the club, control of which is being sold to US asset management firm Apollo at a valuation of €2.2 billion.

The US Department of Justice (DOJ) has concluded its antitrust probe into the deal, both “Reuters” and “Bloomberg” report.

Carbyne manages the call centers and rescue operations of security services in the US, Mexico, and Israel.