A hot hi-tech marketplace
Article Abstract:
Many US hi-tech companies are looking to Israel to purchase high quality firms at a competitive price. Some observers have criticised the deals for preventing Israel developing its own hi-tech industry. Initially the Israeli government was not supportive of the sales until they realised the input of US money increased tax revenues. The sale of Mirabilis to American On-Line brought almost $150 million in taxes. Sales to US firms have risen quickly in value from $9 million paid for Shany Computers in 1994, to the $407 million paid for Mirabilis in Jun 1998.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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Deals at the cutting edge
Article Abstract:
There has been a sharp rise in the volume of merger and acquisition deals in Israel. This is mainly the result of European and US companies purchasing Israeli technology-based concerns. Some US concerns are purchasing Israeli start-ups just in order to gain access to their technology. One of the largest deals so far has been the $400 million purchase by Johnson and Johnson of start-up concern Biosense. There has also been a growing trend towards Israeli concerns purchasing distribution networks abroad to boost their international marketing work.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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Israel targeted for foreign investment
Article Abstract:
There have been many acquisitions by multinational corporations in Israel over recent months, and this country now has one of the most rapidly expanding merger and acquisition sectors anywhere in the world. Israeli companies are benefiting as the prospects for peace in the Middle East are perceived to be improving, and foreign investment in Israel is seen as having low risk.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
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