Economy · Full coverage

Pelephone Acquires Mobile Firm Wecom for 265 Million Shekels

How 3 Israeli newsrooms covered this story — translated into English and compared side by side.

Center 1Unrated 2

First reported by Ynet · 20 minutes ago

What happened

Pelephone is acquiring Wecom for 265 million shekels, expecting cost synergies to boost profits, after failing to acquire Hot Mobile due to regulatory issues.

01Pelephone is buying Wecom for 265 million shekels from Yariv Lerner and partners.
02The deal is currently a non-binding memorandum of understanding.
03Pelephone expects 50 million shekels short-term and 100 million long-term savings from synergies.
04This acquisition follows Pelephone's failed 2.1 billion shekel bid for Hot Mobile.
05Hot Mobile chose to sell to Delek Retail for 1.8 billion shekels due to regulatory concerns.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

In this story

People

Yariv Lerner