Business Deal

Fattal Holdings is merging its ROOMS workspaces with SwitchUp. Following the deal, valued at 1.4 billion NIS, the Phoenix insurance group will hold a 20% stake in the combined entity.

The Ministry of Communications has given the green light for the sale of the mobile operator Hot Mobile to Delek Israel, Keystone, and Leumi Partners, after the Competition Authority approved the deal earlier this month. The deal values Hot Mobile at approximately 1.2 billion shekels.

An unprecedented deal is shaking the sports world as the Los Angeles Lakers are sold for a record $12.5 billion. The transaction brings not only astronomical financial stakes but also significant management changes amidst ongoing family turmoil.

Amos Luzon is selling 20% of Luzon Energy shares, representing his stake in the Dorad power plant, to an institutional entity for 233 million shekels. The deal values the station at 4.4 billion shekels.

The Buss family has decided to sell the remaining 17.8% of its ownership shares in the Los Angeles Lakers to the new controlling owners, Josh Kushner and Bob Iger, according to a report by Shams Charania on ESPN this evening (Monday). As recalled, the two executed one of the most surprising deals in the history of American sports.

Joshua Kushner, the younger brother of Jared Kushner, has acquired the Los Angeles Lakers in a $12.5 billion deal. Having built his fortune through technology investments, he is now entering the sports arena.

The company Next Vision announced the receipt of an order from an existing client for the supply of cameras and other products. The deal, worth approximately $5.6 million, will be fully supplied by the end of 2026.

As revealed on ynet, the Jewish-American businessman purchased half of Udi and Shie Recanati's holdings for $50 million, and he now holds 29% of the club's shares. The remaining shareholders have 30 days to exercise their right of first refusal and effectively cancel the deal.

A month after it was signed, the deal to sell control of G City to Ari Nadlan and Ispro has fallen through. Chaim Katzman cited concerns over the new partners' financial profile and deviations from the original agreement.

Over the past two weeks, the relationship between businessman Tzahi Abu and the company's controlling shareholder Chaim Katzman has hit a dead end.

The deal for the sale of control in G-City is at risk of collapse due to a severe crisis of trust between seller Chaim Katzman and buyers Tzahi Abu, Kidan Dahari, and Yaron Adiv.

The G City deal is on the verge of collapse as trust between Chaim Katzman and Tzahi Abu deteriorates rapidly. The parties are in conflict over management control, corporate strategy, and planned executive salary cuts.

The aviation loyalty program market is heating up: after the El Al frequent flyer program moved to Isracard, Israir is joining the Rami Levy and Isracard loyalty program to create a combined offering for Israeli consumers.

The deal for G City appears to be on the verge of collapse due to a growing conflict between Chaim Katzman and the buyers. Associates of Tzahi Abu accuse Katzman of sabotage and questionable management decisions.