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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.

Apple Makes First Israeli Acquisition

After weeks of negotiations, computer mega-giant Apple has acquired its first Israeli company, Anobit Technologies, for $390 million.

Apple’s First R&D Center Outside of US in Israel

Computer and software giant Apple has begun searching for office space for its first technology development center outside of Cupertino, California - in Israel.

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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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