The Israeli parliament passed legislation on Monday aimed at improving economic competition by halting pyramid structures in companies and breaking up large conglomerates blamed for high living costs.
Israel
Tel Aviv court approves Elsztain, Ben-Moshe's takeover of debt-ridden IDB
The Tel Aviv District Court has cleared Eduardo Elsztain and Moti Ben-Moshe's rescue plan for highly indebted conglomerate IDB Holding Corp. The partnership's takeover bid has won support from IDB's bondholders and creditors this month.
Israel's Arad nears deal to acquire majority stake in Mexican water firm
Israeli water meter developer Arad Group is in advanced talks to buy a 50% stake in a Mexican water-measuring company, a Bloomberg report said. The deal is reportedly worth $10 million and is expected to be closed early next year.
Israel's Cell Buddy vows to end roaming charges in mobile phones
Cell Buddy, an Israeli startup, vows to eliminate the risks of mobile phone users getting charged unexpectedly with roaming fees when traveling abroad, an Associated Press report said.
Israel's Frutarom acquires American flavorings company Hagelin for $52.4 million
United States' Hagelin & Co. has been sold to Israeli flavorings and specialty ingredients firm Frutarom Industries for $52.4 million. Frutarom finance the deal through a short-term bank loan.
Latest News
Shares of Israel-based Given Imaging got a boost after news broke that Dublin, Ireland-based Covidien would be buying the firm's outstanding shares at a premium.
Israel-based global buyout firm Apax Partners is planning to raise USD300 million for the country's first private equity fund dedicated to mid-market buyouts, sources familiar with the matter said.
Months after receiving a USD1 million in seed investment, Israeli startup Carambola Media raised USD4 million in a Pitango Venture Capital-led Series A funding round.
In a speech delivered at Tel Aviv, Harvard Professor Yochai Benkler said cooperation and not self-interest can generate new ideas and transform businesses in today's knowledge economy.
Troubled electronics giant Panasonic will sell three of its chip factories in Japan to Israel's TowerJazz by March 2014, according to sources with direct knowledge of the situation.
Extreme Reality, an Israel-based startup which provides analysis of 3D motion was able to secure USD 10 million in its Series D funding round. The secured funds will be used to expand to additional markets and further develop their system.
Private equity firm TPG has asked a specialised Dutch court to order an inquiry into the affairs of Strauss Coffee, in which it holds a 25 percent stake, claiming majority owner Strauss Group had abused its rights in the company.
Technology-focused private equity firm Silver Lake Management LLC will raise a USD1 billion fund to be invested in mid-sized companies. The firm's Silver Lake Sumeru LP unit will run the new fund.
Ramot Tel Aviv University Ltd secured USD17 million in funding for its Technology Innovation Momentum Fund, which will invest in breakthrough technologies in various industries.
