Connect with us

Hi, what are you looking for?

Jewish Business News

Business

ironSource ($800 million) Expected To Merge With Babylon ($400 million) Within 45 Days

Online translation company Babylon has a market cap of $400 million, and software distributor ironSource has a valuation of $800 million.

Tomer Bar-Zeev
Tomer Bar-Zeev ironSource

“The parties are progressing in the negotiations on a binding merger agreement, ” announced online translation company Babylon Ltd.(TASE:BBYL) in a notice to the Tel Aviv Stock Exchange (TASE), two months after “Globes” was the first to report the merger talks between the company and ironSource Ltd. Babylon added, “The parties will agree on the remaining conditions of the deal within 30-45 days.”In other words, the merger could happen in November.The main question over the merger is the valuation of ironSource, which although considered a start-up (it was founded in 2009) may have double Babylon’s valuation for the purpose of the merger, or about $800 million.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Babylon said today, “ironSource’s valuation will be higher than the valuation of the company. The payment to ironSource’s shareholders will mostly be in company shares, but part will also be paid in cash.” The statement implies that at least some ironSource shareholders do not blindly trust Babylon shareholder Noam Lanir’s vision for the merged company, and want cash on the barrel.

Noam Lanir Wikipedia

Noam Lanir Babylon

ironSource provides one of the most successful platforms for distributing software, and its package includes the software’s complete life cycle, including distribution, finding users, and installations, as soon as the software is launched by its developer. Babylon, which has a market cap of $400 million, is one of ironSource’s partners in the online moneymaking food chain, providing a flow of users to search engines, especially Google, which is responsible for most of the company’s revenue.

In April Babylon signed a four-year cooperation agreement with Yahoo Inc in the Internet sector, including on mobile devices. In 2012 Google was the main source of revenue for Babylon.

 

Published by www.globes-online.com 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.