iShares MSCI Israel ETF
On June 29, Microsoft confirmed news that it would be acquiring Cloudyn, an Israel-based cybersecurity firm.
In the week ended May 26, 2017, Microsoft (MSFT) announced the acquisition of Hexadite. Microsoft’s acquisition price for Hexadite is reported to be $100 million.
Amid product innovations happening at different levels, Intel announced its acquisition of Israel-based (EIS) Mobileye (MBLY) in an all-cash deal of $15.3 billion in March 2017.
Company & Industry Overviews
Intel (INTC) is acquiring Mobileye (MBLY) for a hefty premium compared to MBLY’s earnings.
Analysts are criticizing the Intel-Mobileye deal. They think the acquisition price is too high and the synergies from the merger are too low.
Microsoft’s offer follows the current trend of massive acquisitions in the software space.
In fiscal 2016, Infosys (INFY) was chosen by ConAgra Foods (CAG) as a strategic partner for a multiyear managed services deal.
On February 23, 2016, Oracle announced the acquisition of an Israel-based cloud computing company, Ravello Systems.
Israel’s government debt as a proportion of gross national product has declined steadily this century.