Israeli Regulator Approves Sale of Channel 13 to Assaf Rappaport
The Second Authority for Television and Radio, Israel's broadcast regulator, has approved the sale of the controlling stake in Channel 13 to Merit Partners. The deal is financed by high-tech entrepreneurs Assaf Rappaport and Yinnon Costika.
The decision followed extensive discussions and a thorough professional review led by the Authority's acting director, Uri Sharf, and his professional team. The approval marks a significant shift in the ownership of one of Israel's major television networks.
Channel 13, a prominent news and current affairs broadcaster, has been seeking new ownership for some time. The acquisition by Rappaport and Costika, known figures in the Israeli tech industry, is expected to bring new investment and potentially a new direction for the channel.
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