The Israeli high-tech sector posted $10 billion in “exits” in 2016—including the $4.4 billion acquisition of social games developer Playtika in July—according to the annual end-of-year market report by IVC-Meitar. The research firm’s High-Tech Exits Report, published on Tuesday, showed that Israeli high-tech companies closed 104 deals last year—including 93 mergers and acquisitions (M&As) with a total value of nearly $8.8 billion; eight buyouts that generated $1.22 billion; and three small IPOs garnering $15.1 million. LEARN MORE
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