Acquisition

Aura enters senior living: Acquires Bayit Bakfar for NIS 1.7 Billion

Aura, controlled by Yaacov Atrakchi, acquires full control of Bayit Bakfar for NIS 1.7 billion in cash and equity. The deal includes 975 existing units and reserves to construct 884 additional units.

|ByYEHUDA SHARONI
Yaacov Atrakchi.
Maccabi Haifa.

Rappaport and Waldman decline offer to join Maccabi Haifa acquisition bid

High-tech entrepreneurs Assaf Rappaport and Eyal Waldman turned down an offer to join an investor group bidding to purchase the Israeli soccer club, citing no interest in sports investments.

|BySHLOMO WEISS
A change of ownership doesn't make past problems disappear.

What happens to a company’s problems when it changes hands?

Crown’s takeover and SkyCity Adelaide’s sale plans show how fines, operating restrictions and customer protections are handled when regulated entertainment businesses change owners.

|ByIN COOPERATION WITH TPMEDIA
Shopping in the supermarket.

Supermarket chain sold at valuation of around NIS 680 million

Shuk Hertzel is acquiring the Stop Market chain. The group intends to open 10 additional branches and reach a turnover of NIS 2 billion by the end of 2027.

|ByLIAT RON

Trump gives Microsoft 45 days to clinch TikTok deal

The move represents an about-face for Trump and prompted the US tech giant to declare its interest in the blockbuster social media deal that could further inflame US-China relations.

AUGUST 3, 2020ByREUTERS
Tik Tok logo / illustrative