Ground Up Ventures and Microsoft Israel R&D are launching the Liftoff program – designed to support 10 companies each year. It will focus on projects that solve significant and challenging problems such as energy supply, energy storage and smart grid, food security for a growing population, smart construction and sustainable construction, defense and the future […]
Author: Idan Nishlis
Founded two years ago with an initial NIS 1 billion, Israel’s Citizens Fund now holds almost NIS 6 billion from gas production profits.. By June 16, 2024, levies reached NIS 6.85 billion. The Israel Tax Authority revised its forecast, projecting NIS 55-72 billion collections from gas, oil, and resources, up from NIS 45-53 billion due […]
A huge deal was signed between the Bank of Jerusalem and Migdal Insurance and Financial Ltd., as a result of which the two companies will cooperate in providing housing loans totaling NIS 1.8 billion. Meitar advised the Bank of Jerusalem, which will be responsible for operating and managing the joint portfolios of mortgage borrowers. This […]
Once valued at USD47 billion and seen as the future of the workplace, WeWork has emerged from bankruptcy protection in the U.S. WeWork’s chapter 11 plan was confirmed by the bankruptcy court for the District of New Jersey following a hearing held on May 30, 2024, before WeWork emerged from Chapter 11 on June 11, […]
Leading U.S. cybersecurity company Tenable has bought the Israeli startup Eureka Security. Founded by industry veterans Liat Hayun and Asaf Weiss, Eureka specializes in Data Security Posture Management (DSPM), helping organizations secure their data across multi-cloud environments. This acquisition will enhance Tenable’s capabilities, providing its customers with even better cloud risk management. Arnon, Tadmor Levy […]
Gilat Satellite Networks has entered into a definitive agreement to acquire STELLAR BLU Solutions, a U.S.-based leading avionics solution provider of next-generation SATCOM terminal solutions, for up to USD245 million. Gilat offers In-Flight Connectivity (IFC) solutions like modems and amplifiers, while Stellar Blu developed electronically steered antennas, making them complementary in the IFC market. Naschitz […]
Leonardo Hotels has agreed to buy Zien Group and 12 hotels in the Netherlands from affiliates of KSL Capital Partners and its partner Garden Capital Group. The acquisition will expand Leonardo Hotels’ portfolio to 28 hotels in the Benelux region. Founded in 2006, Leonardo is the European arm of the Fattal Hotel Group, Israel’s largest […]
Five of the seven non-American universities whose graduates have the best chances of founding a unicorn in the United States are Israeli. The Technion – Israel Institute of Technology ranks first, with Reichman University surprising in second place. This is according to a study by Prof. Ilya Strebulaev, Finance Professor at Stanford and Founder and […]
The patent dispute between Wiz and Orca has intensified as Wiz rejects claims that it has infringed on any of Orca’s patents. Wiz has hit back, offering a counter-narrative highlighting its own technological advancements and market success. Read more of this unfolding saga between the two cybersecurity firms in Calcalist.
Discount Investment Corporation will sell its 35.7% stake in telecoms giant Cellcom to the Fortissimo Fund for NIS 925 million, reflecting a value of NIS 2.6 billion. Arnon, Tadmor Levy advised Discount Investment, with the sale led by Shiri Shaham, Shai Margalit and Or Pearl. Having been signed in December 2023, the regulatory approvals were […]
