BlueStar Indexes Blog

Wix Seen as Acquisition Target & More.....[BlueStar Indexes Newsletter]


According to an Oppenheimer survey of Israeli investment institutions, the Israeli DIY website builder could be the next acquisition target  .
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Following the acquisition of Mobileye(NYSE: MBLY), DIY website company Wix.com Ltd. (Nasdaq: WIX) could be the next acquisition target among Israeli companies, according to a survey conducted by Oppenheimer Israel investment banks among local investment concerns. 32% of the survey respondents said that Wix was likely to be sold, followed by Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) (8%) and Radware Ltd. (Nasdaq:RDWR) (7%)

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Israel in the News

US draws from Israeli cyberpower and sells to Saudi Arabia

When President Donald Trump announced an arms deal worth billions of dollars with Saudi Arabia last week, one item stood out among the hardware: cybersecurity technology. And there was one regional ally, more adept than most at dealing with a cyber threat, that raised an outcry against the package: Israel.
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Will Israeli auto-tech stay Israeli, go to China?

The annual conference of EcoMotion, which represents Israel's growing smart vehicle community, took place last week in Jaffa. The conference featured parasols, beer in plastic cups, and overseas guests being sheltered from the Tel Aviv sun. This year's event was more like a beach party than a serious international commercial conference, but its importance should not be denigrated. 

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Microsoft to buy cybersecurity firm Hexadite for $100 million

Microsoft has agreed to acquire cyber security firm Hexadite for $100 million, Israeli financial news website Calcalist reported on Wednesday.

Hexadite, headquartered in Boston with its research and development center in Israel, provides technology to automate responses to cyber attacks that it says increases productivity and reduces costs for businesses.

 

 

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