web analytics
September 16, 2014 / 21 Elul, 5774
At a Glance
News & Views
Sponsored Post
Apartment 758x530 Africa-Israel at the Israel Real Estate Exhibition in New York

Africa Israel Residences, part of the Africa Israel Investments Group led by international businessman Lev Leviev, will present 7 leading projects on the The Israel Real Estate Exhibition in New York on Sep 14-15, 2014.



With JP Morgan Purchase, Conduit Becomes Israel’s First Billion Dollar Internet Company

$1.4 billion Conduit founder and CEO Ronen Shilo.

$1.4 billion Conduit founder and CEO Ronen Shilo.
Photo Credit: Conduit

JP Morgan acquired a $100 million stake in Conduit from investor Yozma fund at a $1.4 billion valuation. Three weeks ago, Yozma fund sold more than 2% of its Conduit holdings to US fund W. Capital Partners. This after having initially invested $1.5 million in Conduit.

Yozma fund thus completed the sale of its stake in Conduit through two transactions. In contrast with an earlier transaction, in which company employees could also sell their shares, this time only Yozma find was selling its holdings.

According to the company’s press release, Conduit’s cash cow is its toolbar, which the company says has been used by more than 200,000 sites, including MLB.com and Miniclip, to reach 250 million users. When those users run a search via the publisher’s toolbar, Conduit receives a volume and ad performance payout from either Microsoft’s Bing (in the US) or Google (outside the US).

But the secret is not necessarily in creative navigation, despite a reported $200 million in profit last year from those fancy toolbars. Conduit CEO Ronen Shilo announced in a recent interview that “the future is not in toolbars, we are broader than that. We’re an engagement company. We aim to help publishers and online brands engage with their users on any platform.”

Shilo recently posted on his blog an entry titled “In Praise of Control,” reviewing Mark Zuckerberg’s handling of Facebook’s IPO:

“What interests me most is the fact that Mark Zuckerberg is about to be worth $28 billion – and still maintain operational control of the company… As someone who has been concerned about maintaining control of my company from the beginning, I completely understand and empathize with what Zuckerberg and his financial gurus have structured. My partners and I control over 50% of Conduit; I wouldn’t have it any other way, and I don’t think we could have achieved what we did otherwise.”

About the Author: Tibbi Singer is a veteran contributor to publications such as Israel Shelanu and the US supplement of Yedioth, and Jewish Business News.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “With JP Morgan Purchase, Conduit Becomes Israel’s First Billion Dollar Internet Company”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
rocketpopmap12009
IDF Confirms: Rocket Launched from Gaza
Latest News Stories
rocketpopmap12009

The IDF has confirmed that a rocket was launched from Gaza at approximately 6:30pm on Tuesday.

Arsonists set fire to a Brussels synagogue that was firebombed in 20190, but Jewish officials are not ready to declare the incident as anti-Semitic. The wife and two children of the synagogue’s caretaker, who was not present at the time of the arson, suffered slight smoke inhalation after the fire broke out on the fourth […]

Sabra 'hummus" - made in Israel and be bought in the United States

If you don’t live in Israel, at least ‘Buy Israel.”

One dollar now buys 3.64 shekels, nearly 25 agorot more than two months ago.

The higher rate is good news for Israelis with dollar accounts and for U.S. tourists.

A guide at the Gush Etzion Zoo (bet you didn’t there was one of those in Gush Etzion) explains to Junior High School students how to extract the ram horn shell after it dried, and eventually make it into a shofar, on September 15, 2014.

“Jewish teams’ are more proud to win than proud to be Jewish.

A prison inmate on death row in Connecticut is demanding kosher food, though he’s not really Jewish.

There were reports that ISIS shot down a Syrian regime’s war plane over its “capital,” Raqqa.

An eight year old boy was struck and killed in a parking lot by a school bus Tuesday at Kibbutz Kfar Menachem.

A new cancer treatment to fight metastatic melanoma, Keytruda, has been approved by the FDA.

Finance Minister Yair Lapid refuses to raise taxes and won’t let defense budget demands turn into a ‘Turkish bazaar.’

Turkey has offered to host the Egyptian leaders of the Muslim Brotherhood after their eviction from Qatar.

Israel is cracking down on Arab attackers determined to harm Jews in Jerusalem and around the country.

For the first time, US warplanes bombed ISIS terrorists near Baghdad in support of Iraqi troops.

Oskar Groening’s defense is that he only was cog in the Nazi death machine.

The US warns people to buy gas masks if visiting, Israel warns of world-wide anti-Semitism.

More Articles from Tibbi Singer
Can King Abdullah II of Jordan be saved?

King Abdullah’s participation in the upcoming NATO summit will be of “immeasurable illumination” on the strategy of confronting the Islamic State of Iraq and the Syria (ISIS).

Dual US-Israeli citizen Steven Sotloff was the second American journalist to be beheaded earlier this summer before ISIS turned its attention to victims from other Western nations, but apparently the terrorists were unaware of Sotloff's Jewish and Israeli background.

The Islamic State (ISIS) has just released a video showing the beheading of another American journalist, Steven Sotloff, according to a monitoring group.

Soros is basically about short selling, betting on the market to take a dive.

PayPal co-founder Max Levchin netted a reported $34 million when his brainchild was sold to eBay in 2002 for $1.5 billion. Ever since that day, the sometimes weird whiz kid Levchin, now 39, has been trying to do it again.

Blackwell, who has been accused of “inflaming prejudice,” says animals must be stunned before the cut.

But she’s in no hurry to get married, despite the fact that she’s expecting.

The Rebbe will be staying in R. Asher Lev Wolf’s luxurious apartment on Minchat Yitzchak Street in Jerusalem.

Kerry shares many of his unique and original solutions for Jerusalem, the Jordan Valley and Tel Aviv.

Printed from: http://www.jewishpress.com/news/breaking-news/with-jp-morgan-purchase-conduit-becomes-israels-first-billion-dollar-internet-company/2012/04/10/

Scan this QR code to visit this page online: