Waze Billionaire Assaf Rappaport Reportedly Eyeing McDonald's Israel Franchise
Translated & summarized from Maariv by baba
Billionaire Assaf Rappaport, who previously sold Waze and acquired Channel 13, is reportedly interested in obtaining the McDonald's franchise in Israel. Economic correspondent Sami Peretz described Rappaport as a unique investor who has attracted many seeking his capital. Rappaport's decision-making process for this venture, which differs from his tech background, is being closely watched.
The story in 5 lines · by baba
- Billionaire Assaf Rappaport is reportedly considering acquiring the McDonald's franchise in Israel.
- Rappaport previously sold his company Waze to Google for $3.2 billion.
- He recently entered the media industry by acquiring Channel 13.
- Economic correspondent Sami Peretz noted many people seek Rappaport's investment.
- Rappaport has also been politically active, opposing the judicial overhaul.
Billionaire Assaf Rappaport, known for the massive Waze sale to Google and his recent entry into the media world with the acquisition of Channel 13, is reportedly considering acquiring the McDonald's franchise in Israel. Economic correspondent Sami Peretz noted Rappaport's unusual diversification from high-tech into other sectors, including media and potentially sports.
Peretz described Rappaport as a unique figure in the Israeli business landscape, highlighting his significant financial contributions to the state, particularly after selling Waze for $3.2 billion. Rappaport has also been politically active, notably opposing the government's judicial overhaul. This public profile has led to many individuals and businesses seeking his investment.
"Many people are standing in line for him to invest," Peretz stated, questioning how Rappaport makes his investment decisions given the numerous opportunities presented to him. The potential McDonald's deal is seen as distinct from his previous ventures, involving a different market than high-tech, and Rappaport's deep pockets and perceived vitality may have influenced his interest.
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