The ironSource management team in 2021 (Company PR pic)
IronSource Completes $4.4 Billion Unity Software Merger
In November, Israel-based ironSource, which offers a multi-media platform, and the American video game company Unity Software, finalized their $4.4 billion merger. The merger came after the deal hit a bump in the road when another company stepped in to offer its own buyout proposal for Unity.
Unity Software and ironSource said that their new combined company is expected to be highly profitable and generate positive free cash flow. They added that game developers will now have access to more tools that “bridge the gaps between creation and growth so they can deliver a better game experience.”
Unity Software said a few months ago that… Read More Here
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Abu Dhabi State Fund Takes over Israel’s Phoenix Insurance For $680 Million
The Abu Dhabi Development Holding Co. (ADQ) bought a controlling interest Israel’s largest insurance concern, Israel Phoenix Assurance Ltd. ADQ is acquiring a 25% stake in the company for NIS 2.3 billion, or roughly $680 million.
Founded by David Hachmy in 1949 as a private company, which became public in 1978, The Phoenix has been operating in the Insurance and Finance field for the past 71 years, and as of today, is considered to be the leading insurance company in Israel. The Company’s main focus is in the insurance, health, pension and provident fields. As of today, the company’s stock is a constituent of a few main indices, among them is the prestigious Tel Aviv 35 index.
Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio… Read More Here
Elmo Motion Control Sold To Bosch for $700 Million
In September, Bosch Rexroth – a subsidiary of world renowned German manufacturer Bosch Group – acquired Israeli manufacturer of ultra-advanced servo drives Elmo Motion Control. Bosch and Elmo signed an agreement to that effect on September 4th, 2022. While the companies did not reveal the purchase price, Calcalist reported that the deal is worth $700 million.
Bosch said that Elmo Motion Control’s high performance, extremely space-saving and precise drives complement the Bosch Rexroth product portfolio around the ctrlX AUTOMATION automation platform… Read More Here
BrainPOP Sold to Lego for $875 Million
In October, Kirkbi A/S, the family-owned holding and investment company of the LEGO brand, acquired 100% of BrainPOP, an educational technology business. BrainPOP was founded in 1999 by Dr. Avraham Kadar as a creative way to explain difficult concepts to his young patients.
BrainPOP is an online educational solution that makes rigorous learning experiences accessible and engaging for all students. Today, schools and districts utilize BrainPOP to raise academic achievement and strengthen students’ critical, computational, and creative thinking skills. BrainPOP has been a trusted resource to more than six million educators and… Read More Here
SentinelOne Is Acquiring America’s Attivo Networks For $616.5 Million
SentinelOne, an Israeli cybersecurity firm, bought out Attivo Networks, an American identity security and lateral movement protection company, in a cash and stock transaction valued at $616.5 million and is expected to close in SentinelOne’s upcoming fiscal second quarter,. SentinelOne currently has a market cap of almost $9 billion.
SentinelOne said that with this acquisition the company… Read More Here
