Wiz Founders Nearing Deal to Acquire McDonald's Israel Franchise
Summarized from The Jerusalem Post by baba
The founders of cybersecurity company Wiz, including Assaf Rappaport, are in advanced talks to acquire the McDonald's franchise in Israel. This follows McDonald's global corporation's purchase of the Israeli operations in April 2024. The Wiz founders, who previously sold their company to Google for $32 billion, are competing against other prominent business groups. McDonald's Israel currently has 235 branches and an annual turnover of NIS 1.7 billion.
The story in 5 lines · by baba
- Wiz founders, led by Assaf Rappaport, are nearing a deal to acquire the McDonald's Israel franchise.
- The acquisition follows McDonald's global corporation's purchase of the Israeli operations in April 2024.
- The Wiz founders have prior experience in tech, selling their company to Google for $32 billion.
- McDonald's Israel operates 235 branches with an estimated annual turnover of NIS 1.7 billion.
- The global buyout occurred amid boycotts and protests against the chain.
The Jerusalem Post publishes in English. The key points are summarized above. Read The Jerusalem Post’s full report from the link at the top of the page.
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