Connect with us

Hi, what are you looking for?

Jewish Business News


Israeli BackWeb Begins Liquidation Process


Oh, what a tangled web we weave. But who knows, perhaps the process of BackWeb’s liquidation will go smoothly. The company announced it would begin the liquidation process and return funds to shareholders through two distributions, one beginning in December 2014 and the other one scheduled for February 2015. The second phase will happen after the company settles its financial obligations and ceases its operations in the U.S. and Israel. The first and second distributions are expected to be in the range of $9.7 million to $10.2 million. There are currently 43 million shares outstanding

Yoav Kir, CEO of VAR and liquidator of BackWeb said in a press release, “We are making progress on BackWeb’s distribution program, enabling the company to make an initial distribution of approximately 90% of liquidation proceeds. We will keep shareholders informed of major milestones in the liquidation process.”

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
Thank you.



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...


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


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.