Online gambling giant 888 acquired the assets of American-Israeli casual game studio Mytopia from Real Dice, Mytopia's parent company. According to VentureBeat Games, the deal is estimated at $18 million, but could reach up to $48 million if Mytopia's assets hits certain revenue milestones by 2011.
Calpers, eVrit, Matomy, Fribiz, eType, Venture capital in Israel, Consumer confidence in Israel, Israeli incubators, venture capital performance
Check out this interesting video on the hidden truths behind what really motivates us at home and in the workplace. I loved the illustrations of RSAnimation to the original talk given by Dan Pink.
The proposal will enable investors in startups to receive tax write-offs on investments for high-tech companies who spend at least 70% of their salaries in Israel. The new law is part of broader reforms to boost the high-tech sector, led by Dr. Yuval Steinitz, Israel's minister of finance and his ministry's director general, Haim Shani
Jerusalem Venture Partners successfully raised $25 million for an annex fund to strengthen the portfolio companies in the Israel-focused JVP IV which closed in 2001. The aim of the fund is to support existing investments by "enhancing their business propositions" and preventing premature sales in a downturn.
Tradonomi, the parent company behind eToro has completed a $2.4 million round led by new investor Social Leverage, with participation of previous backers BRM Capital and Cubit Investments.
Play4Skill, a relatively unknown Israeli startup, has raised an second round of $400,000 from from Israeli advertising agency Adler Chomsky. P4S develops multi-player skill games, primarily focused on 3D life-like Domino games.
Pudding Media, an Israeli mobile advertising startup, faces imminent shut down. According to Calcalist,Pudding Media let go 25 employees this morning and announced it will cease its operations in Israel. The company's assets will be put on sale as the company only retained five employees for maintenance reasons
Interesting addition from the Wibiya team came through my inbox today. Wibiya , the customizable web toolbar for publishers added a monetization widget through affiliate links provided by Kehalim, a contextual affiliate platform based in Israel.
When I first covered Israeli startup Tvinci in 2008, I was very impressed with their innovative video player and their newly forged partnership with MTV Networks. Two years went by with a relatively low profile, but now Tvinci took a pivotal turn towards becoming a platform for paid OTT (over-the-top) videos.
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