Pelephone Acquires Viacom for NIS 265 Million
Translated & summarized from Calcalist by baba
Pelephone has completed its acquisition of Viacom for NIS 265 million. The deal was delayed by a tax issue regarding the conversion of shareholder loans to stock. Both companies resolved the issue in the last two days, allowing the deal to be signed.
The story in 3 lines · by baba
- Pelephone acquired Viacom for NIS 265 million.
- The deal was finalized after overcoming a tax obstacle.
- The tax issue involved converting shareholder loans to stock.
Pelephone has finalized its acquisition of Viacom for NIS 265 million. The deal, which was delayed due to a tax issue concerning the conversion of shareholder loans into stock, was successfully concluded after the two companies overcame this final hurdle in the past two days. Further details are expected shortly.
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