Bezeq confirmed receipt of offers for the classified ads site in a notice to the Tel Aviv Stock Exchange (TASE).
Sources inform ”Globes” that German media magnate Axel Springer has made an offer for classified ads site Yad2, indirectly owned by Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) through Walla Communications Ltd.. Bezeq confirmed receipt of offers for Yad2 in a notice to the TASE today, but said, “No decision has been taken to sell the company.”
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Bezeq said, “Walla received a number of offers to buy Coral-Tell from unaffiliated third parties, subject to the meeting of certain conditions.” It added that it was reviewing the offering together with Wall and Yad2, but cautioned, “At this stage, there is no assurance that the offers will materialize in a deal.”
Yad2 has been profitable for a long time, while Walla has not been able to generate substantial profits. The sale of Yad2 would leave Walla without any substantial sources of income or profits.
Published by Globes [online], Israel business news – www.globes-online.com