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

JP Morgan acquired a $100 million stake in Conduit from investor Yozma fund at a $1.4 billion valuation. 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.

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

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