Swedish digital entertainment company Modern Times Group (MTG) has acquired Israeli gaming firm Plarium for up to USD 820 million. The deal strengthens MTG’s portfolio in the online gaming sector, positioning it to reach a broader audience. Plarium, headquartered in Herzliya, is known for developing popular mobile and social games such as “Raid: Shadow Legends” […]
Author: Idan Nishlis
For years, the Israel Tax Authority has been trying to lay hands on the profits of Israelis active in the cryptocurrency market that are liable to tax in Israel. Recently, a report by the State Controller indicated that taxing these profits could yield NIS 3 billion annual revenue, which is being lost because of lack […]
Israel’s AI startups dominate the tech investment landscape, securing nearly 47% of all investments despite comprising just 30% of the sector. Over the past decade, the AI segment has grown by 173%, outpacing the broader tech industry, which expanded by only 12%. The country’s AI ventures attract more per capita investment than the US or […]
Two years after the Israel Innovation Authority began its national AI program, it is now nearing the purchase of a supercomputer from one of the Israeli government’s national cloud suppliers – Amazon and Google. The budget for building the supercomputer is NIS 300 million, of which NIS 150 million will be allocated to the budget […]
The initiative aims to introduce cutting-edge Israeli technologies, focusing on AI and automation, to the UK healthcare sector. Participants will receive guidance, mentorship, and valuable insights into the UK system, creating opportunities for significant advancements in patient care and healthcare operations. Read more in Jerusalem Post.
Blue Square Real Estate, a leading Israeli real estate development company, has issued two series of bonds: Series Y and Series 9, raising a total of NIS 910 million. Series Y is a new offering secured by liens on real estate assets, while Series 9 is an expansion of an existing series. EBN advised the […]
Prominent businessman Aaron Frenkel is set to invest NIS 680 million in one of the largest and most seasoned real estate companies in Israel Nathan Hetz is the founder of the Alony Hetz company, one of the largest real estate companies in Israel, which controls Emot and the clean energy company Energix. The company also […]
Melio, a financial technology company specialising in accounts payable and receivable for small and medium-sized businesses, has secured USD 150 million in strategic funding. This capital injection values New York-based Melio at USD 2 billion and is expected to bolster its growth initiatives and support its services tailored for business financial needs. The investment round […]
Cybersecurity giant CrowdStrike is acquiring Israeli cyber startup Adaptive Shield, from Vertex Ventures Israel, for approximately USD300m, according to various sources. This acquisition marks CrowdStrike’s fifth in Israel and its second this year. Erdinast, Ben Nathan, Toledano & Co., led by Roy Caner with Kobi Barkan, represented Vertex on the impressive sale of their portfolio […]
U.S. chipmaker Nvidia will have to seek EU antitrust clearance for its proposed acquisition of Israeli AI startup Run:ai because it threatens competition in the markets where the companies operate. Read more in Calcalist.
