According to an Oppenheimer survey of Israeli investment institutions, the Israeli DIY website builder could be the next acquisition target . Read more on this in this week's newsletter.
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Israeli institutions see Wix as acquisition target
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%).
Israel in the News
US draws from Israeli cyberpower and sells to Saudi Arabia
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.Read More
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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