Haaretz is moving to the Internet

Haaretz has acquired another 44.5% of the shares of the largest Israeli Internet portal Walla! From Bezek Beinleumi . , having concentrated in his hands 68% of the portal shares, where previously “Haaretz” owned only 23.8%. For Haaretz, the purchase of an Internet portal is a strategic step - the media concern is increasing its presence on the Internet, fearing a decline in the print media market.

According to Israelinfo , for a 44.5% stake in Walla! $ 35.6 million paid. This means that the total market value of the portal is estimated at $ 80 million, which is 19% more than its current capitalization in the securities market.