Israeli billionaire Teddy Sagi buys web publisher in $149m takeover
The move will hand Kape one of the largest audiences in its field
8 March 2021 • 7:08am
The cybersecurity company controlled by Israeli billionaire Teddy Sagi has mounted a near-$150m (£108m) takeover of online publisher Webselenese.
Aim-listed Kape has struck a cash-and-shares deal for Tel Aviv-based Webselenese, which pulls in 8.5m monthly readers to its digital security review websites.
The move will hand Kape one of the largest audiences in its field, bolstering attempts to become a market leader in security software.
Chief executive Ido Erlichman said the deal gave it control over one of the “most respected” businesses within its industry.