Tag Archive for acquisition

| March 11, 2019
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US processing giant Nvidia acquires Israel’s Mellanox for $6.9 Billion

“We share the same vision for accelerated computing as Nvidia,” said Israel’s Mellanox CEO, Eyal Waldman. “This combination will foster the creation of powerful technology and fantastic opportunities for our people.”

By EYTAN HALON

 

American technology giant Nvidia will acquire Israeli chipmaker Mellanox in a deal worth $6.9 billion, the companies announced on Monday.

The Yokne’am-based company, founded in 1999 and listed on the Nasdaq Stock Market, supplies end-to-end interconnect solutions and services for data center servers and storage systems.

Nvidia’s purchase of the company, acquiring all issued and outstanding common shares for $125 per share in cash, puts an end to months of reported takeover attempts by some of the world’s biggest hi-tech firms, including Intel, Microsoft and Xilinx. Continue Reading »

Category: Innovations & Discoveries, Israel News | Tags: , , , ,
| August 29, 2017
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US pharmaceutical giant acquires Israeli biomed firm for $12 billion

U.S. biopharmaceutical firm announced its decision to pay $11.9 billion for Kite Pharma, an Israeli biomed developing T-cell therapy that harnesses the body’s immune cells to attack malignant cells.
• This pharmaceutical acquisition is among the most spent for a company whose products have yet to be FDA approved.

By Zeev Klein, News Agencies & Israel Hayom Staff

 

Biopharmaceutical giant Gilead Sciences announced Monday that it has agreed to buy Israeli biomed company Kite Pharma for $11.9 billion in an all-cash deal. This acquisition marks one of the biggest ever deals for a company whose products have yet to be approved for marketing. Continue Reading »

Category: Israel News | Tags: , , ,
| September 9, 2015
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Microsoft Acquires Israeli Cybersecurity Startup for $250 million

 

Microsoft buys yet another Israeli startup, Adallom, an Israel-based cybersecurity company specializing in defending programs & content in the cloud.

By Arutz Sheva Staff

 

Microsoft said Tuesday it bought an Israel-based cybersecurity startup specializing in defending programs and content in the cloud, as it expands offerings for the enterprise.

Microsoft did not disclose how much it paid for Adallom, but the website TechCrunch put the purchase price at $250 million.

The acquisition comes as Microsoft responds to the trend toward cloud-based computing, in which data or software is accessed remotely over the Internet.

Microsoft built its revenue selling packaged programs such as its widely used Office software for business or home computers, but the tech giant is shifting to offering that software through cloud-based subscriptions. Continue Reading »

Category: Israel News | Tags: , , ,
| July 20, 2015
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Report: Microsoft Pays $320mil to Acquire Israeli Tech Security Adallom

Calcalist reports software giant closes its largest Israeli acquisition that will serve as basis of Microsoft’s upcoming cyber center in Israel.

By Meir Auerbach

 

Software giant Microsoft has bought Israeli cloud security company Adallom for $320 million, making it the largest acquisition made by the company in the country, according to Ynet’s sister publication Calcalist. 

 

Until now, Adallom has raised 50 million dollars from venture capital firms Sequoia Capital and Index Ventures, Zohar Zisapel, EMC Corporation and HP. According to estimates, Adallom is expected to serve as a basis for the establishment of Microsoft’s cyber center in Israel.

This is the second cyber company Microsoft has bought in the last year: at the end of 2014 it acquired the cyber security firm Aorato for 200 million dollars and has since bought N-trig for several tens of millions of dollars and Equivio for 50 million dollars. Continue Reading »

Category: Innovations & Discoveries, Israel News | Tags: , , ,