web analytics
April 20, 2014 / 20 Nisan, 5774
At a Glance

Posts Tagged ‘Nochi Dankner’

Makor Rishon For Sale?

Wednesday, March 12th, 2014

It appears that Makor Rishon may now be up for sale.

Makor Rishon is a popular Israeli/Hebrew newspaper that caters to the Religious-Zionist market.

Last year, the newspaper’s management purchased the failed newspaper, Maariv, which subsequently turned into a financial black hole that has neen sucking Makor Rishon dry. Agreements connected to the purchase of Maariv linked it to Makor Rishon, which precludes dumping Maariv separately to save Makor Rishon.

Reports say that a third of the employees of Makor Rishon and Maariv were placed on unpaid vacation. Some employees say they haven’t received their February salaries.

Sources say that the goal of the paper’s management appears to be simply keep the paper going, running on a low flame, until a buyer can be found.

Court Approves Haredi-Led Consortium to Take Over IDB Conglomerate

Tuesday, December 17th, 2013

A Tel Aviv court Tuesday has rejected arguments from embattled billionaire Nochi Dankner and has given its stamp of approval to allow a consortium, led by a South American Haredi businessman, to take control of the mammoth IDF holding company.

Dankner’s lawyers said they are considering whether to appeal the decision that accepted a creditors’ decision to let Argentine billionaire and Chabad follower Eduardo Elsztain Ben-Moshe and Modi’in entrepreneur Motti Ben-Moshe buy 75 percent control of IDB. The conglomerate, which has suffered heavy losses, controls a hefty amount of Israel’s manufacturing and also includes a large supermarket chain.

Wealthy Argentine Chabadnik Set to Take over Israel’s Giant IDB

Monday, December 9th, 2013

Eduardo Elsztain, Argentina’s richest man and a follower of Lubavitch-Chabad, along with Israeli entrepreneur Motti Ben-Moshe, is set to take control of 75 percent of Israel’s giant and debt-ridden IDB Holding conglomerate that has its fingers in supermarkets, paper, mobile phone, insurance and cement companies.

Credit holders have overwhelming voted for Elsztain and Ben Moshe to enter and take control from Nochi Dankner, who says he will put up a fight against the buy-out.

Israel’s Big Business elite, approximately seven companies that control more than half of the manufacturing in the country, is dominated by Israel’s richest families, almost all of them left-leaning and secular, a term that does not necessarily mean anti-religious and often includes men like Dankner who observe traditions and are respectful of Judaism.

The entry of a Haredi could be a sign of something spiritual happening, or it could not.

The facts are that Elztain’s representative in Israel has been Shlomo Lapidus, a Haredi businessman and also from one of the wealthiest families in Buenos Aires. A textile company founded by his father is translated into English as “With G-d’s Help.”

Elsztain is president of Chabad, has served as treasurer of the World Jewish Congress, founded Hillel in Argentina and is a big investor in the Taglit-Birthright program.

Big Bucks execs like to jet around the world and visit expensive hotels, but Elsztain does not let that keep him from visiting the graves of righteous Jews when he visits Israel.

This may not be a new trend, but it bears watching.

Wouldn’t it be interesting to see a chain of markets in Israel welcoming buyers with an image of the Rebbe?

Makor Rishon to Buy Maariv?

Thursday, September 6th, 2012

Globes is reporting that Shlomo Ben-Zvi, one of the owners of the religious Israeli newspaper, Makor Rishon, is in advanced talks with Maariv owner Nochi Dankner to buy the Maariv newspaper.

The report said that Ben-Zvi doesn’t plan to buy the debt of the paper, just the assets, including the Maariv brand name and control.

The deal is estimated in the tens of millions of shekels.

Printed from: http://www.jewishpress.com/news/breaking-news/makor-rishon-to-buy-maariv/2012/09/06/

Scan this QR code to visit this page online: