Fiverr worth over $8b, Kolber reduces stake
Jonathan Kolber has reduced his stake in the Israeli freelance services platform from 12.7% to 8.5%.
Jonathan Kolber has been taking advantage of the rising price of Fiverr (NYSE: FVRR) by selling some of his shares in the Israeli freelance services platform, according to filings with the US Securities and Exchange Commission (SEC). At the end of 2020, Kolber held 2.9 million shares for an 8.5% stake in the company, compared with 4.1 million shares (12.7% of the company) at the end of March 2020, prior to Fiverr s secondary offering.
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During that period, Fiverr s share price moved from a low of $23 in early April to a record $223 at the end of 2020. Since the start of the year, Fiverr s share has continued to rise, closing yesterday up 0.95% on Nasdaq, giving a market cap of $8.154 billion.
Dec. 23, 2020
The Israeli online content-recommendation company Taboola is conducting negotiations to merge with ION group’s special-purpose acquisition company listed in NYSE, Haaretz has learned. ION SPAC is a public shell company that raised $259 million to find and merge with a private firm.
In October, the company made an initial public offering for its SPAC, with the declared intention of purchasing an Israeli unicorn - a tech company valued at over a billion dollars.
The SPAC is led by Jonathan Kolber, Gilad Shany, Avrom Gilbert and Anthony Reich. If everything goes according to plan, Taboola will be listed on Wall Street through the merger. Both ION and Taboola refused to comment on the report.
Israel s Moonactive buys Belarus gaming co Melsoft
The Israeli mobile games developer could pay as much as several hundred millions dollars in a strategic deal.
Israeli mobile games developer Moonactive has acquired Belarus casual games developer Melsoft Games. Melsoft has 240 employees, most of them in the Belarus capital Minsk although the company s headquarters is in Cyprus. Financial details about the acquisition were not disclosed but it is a strategic deal that could be worth several hundred million dollars.
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Melsoft was founded in 2007 and initially focused on PC games but also began to develop mobile games in 2012. Its two most prominent products are adventure games MyCafe and Family Island. The acquisition announcement said, Melsoft is undergoing rapid growth and has annual revenue of $160 million.