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Top Five Merger and Acquisition Stories to Come Out of Israel Startup Nation November 2024
As the Iron Swords War against Hamas terrorists in Gaza is well into its second year and more than 100 Israelis are still held hostage there, Israel Startup Nation continues to move forward and keep the Israeli economy afloat. Part of how it does so is with exits, not just IPOs, but also selling out big to foreign firms and investors.
Here now are Jewish BusinessNews’ top five Israel Startup Nation merger and acquisition stories from November 2024:
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Salesforce Acquires Israeli Cloud Backup Firm Own for $1.9 Billion, Expanding Cloud Services Portfolio
Salesforce, an American cloud-based software company founded by Marc Benioff, took another step in its cloud dominance on Monday, finalizing its $1.9 billion acquisition of Israeli cloud backup company Own, formerly OwnBackup. The deal, first announced in September, was sealed with a cash transfer.
However, the $1.9 billion is much less than the $3.35 billion valuation the firm hit… read more here
MTG Acquires Israeli Gaming Giant Plarium for $820M: Major Gaming Industry Acquisition
Israeli gaming company Plarium has been acquired by Swedish digital entertainment company Modern Times Group (MTG) in a deal worth up to $820 million. Plarium’s current owner, Australian gaming giant Aristocrat, will receive an initial payment of $620 million, with an additional $200 million potential performance-based payment through 2028.
Plarium is a prominent Israeli video game developer and publisher, renowned for creating engaging mobile, desktop, and browser-based games across various… read more here
Wiz Acquires Israeli Cloud Security Startup Dazz for $450 Million to Expand AI Capabilities
Dazz, an Israeli startup that offers AI-powered cloud security remediation, was acquired by Israeli cyber unicorn Wiz. While the terms of the deal were not disclosed, the Israeli financial publication Calcalist said it could be worth as much as $450 million.
Dazz’s platform will enhance Wiz Code, a powerful tool… read more here
Mediaocean Acquires Israel’s Innovid for $189 Million to Create Unified Omnichannel Ad Platform
Mediaocean, an American company that serves as a foundational partner for omnichannel advertising, and Innovid, a publicly traded Israeli software platform for the creation, delivery, measurement, and optimization of advertising, have entered into a definitive agreement in which Mediaocean will acquire Innovid. As part of the deal, Innovid will merge with Flashtalking to create a premier… read more here
PepsiCo Acquires Full Ownership of Hummus Maker Sabra in Deal with Israel’s Strauss Group
PepsiCo has announced that it will acquire the remaining 50% stake in Sabra and Obela from Israel’s Strauss Group, making it the sole owner of both companies. Sabra and Obela are currently 50/50 joint ventures between PepsiCo and Strauss Group, focused on producing, distributing, and selling refrigerated dips and spreads. The deal is worth approximately $244 million, depending on exchange rates.
Sabra, based in New York, operates in the U.S. and Canada. Obela… read more here
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