Teddy Sagi’s Kape acquires a US company for $128 million
Israeli cyber company Kape, controlled by Teddy Sagi Group, acquires American LTMI, which owns Private Internet Access (PIA), for a total transaction value of $ 127.6 million. The payment is divided between payment More...
Check Point pays millions for Israeli startup with no product
Israeli cyber company Check Point announces Thursday the acquisition of Israeli startup Cymplify. According to Check Point, the acquisition will enable it a ground-breaking on-device IoT security technology to More...
Travis Kalanick sells more than $500 million of Uber stock
Uber co-founder and ousted chief executive Travis Kalanick sold 20.3 million shares of the company since the trading restrictions period expired last Wednesday. According to public filings, Kalanick sold 20.3 million More...
Invitae acquire Clear Genetics for $50 Million
U.S medical genetics company Invitae Corporation today announced that it has entered into a definitive agreement to acquire Clear Genetics, founded by Israelis Moran and Guy Snir, for $50 million. Under the definitive More...
The Biggest IPOs of All Time
Saudi Arabia officially announced that it was going ahead with the widely anticipated IPO of state oil company Saudi Aramco Sunday. The company is not only thought to be the world’s most profitable (at least More...
Energean Successful Karish North Appraisal
UK-listed upstream company Energean Oil and Gas announced today that it has a successful appraisal of its Karish North Discovery located offshore Israel. The company confirmed the best estimate recoverable resources More...
Zac Posen shuts down eponymous fashion label
The American Jewish designer Zac Posen officially announced on Friday the shutting down of his fashion house House of Z and Z-Spoke. This comes shortly after Posen debuted his Spring/Summer 2020 collection in September, More...
Fiat Chrysler and Peugeot to merge into the world’s fourth largest car company
Fiat Chrysler (FCA) and PSA Group, the Peugeot maker, have announced they will merge. The deal will create a $50 billion car giant – the fourth largest in the world. According to the official announcement, More...
Israeli Startup REE Cooperates with Hino Motors to Showcase New FlatFormer Concept Vehicle
Israeli startup REE today announced its cooperation with Hino Motors, a Japan’s maker of commercial vehicles. The two companies present a super-flexible chassis that optimizes electric mobility solutions, More...
Softbank to pay Adam Neumann $1.7 billion to part with WeWork
Softbank today received approval from WeWork’s board of directors to take over the joint space company currently in trouble, giving the company’s founder and CEO Adam Neumann close to $ 1.7 billion More...