Business brief
Corporate Balance Sheets Regear for Global Scale
Israeli firms tap international debt markets and cross-border M&A to secure high-margin niches and defense manufacturing capacity.
Business
Ondas paid up to $390 million for defense specialist GATE — securing proprietary electronic fuze manufacturing for the global suicide drone boom.
BackgroundLoitering munitions require specialized electronic arming devices to prevent premature explosions and ensure precision detonation upon impact. GATE Technologies builds electronic safety fuzes used across Western and Israeli guided-missile and tactical drone platforms.
- The transaction provides $205 million upfront through cash and equity alongside up to $185 million in milestone earn-outs through 2028.
- GATE's business is projected to generate $65 million in 2026 revenue and more than $130 million in cumulative adjusted EBITDA over three years.
- The deal hands Ondas dedicated production facilities in Israel to supply Western militaries rushing to stockpile autonomous strike drones.
Business
Taboola paid £27 million to buy Dianomi — locking up high-margin financial publishing ad slots across Reuters and Wall Street outlets.
BackgroundNative advertising networks place sponsored content and text links across commercial websites to capture reader clicks. Taboola has been using its automated bidding tools to move beyond broad web traffic into high-value financial readership.
- Taboola will pay 64 pence per share upfront in cash, plus up to 24 pence in milestone earn-outs tied to commercial contract renewals.
- The acquisition brings direct commercial relationships with top financial firms including Charles Schwab, Invesco, and Bank of America.
- The merger expands Taboola's native advertising footprint across premium news platforms such as Reuters, CNN Business, and The Wall Street Journal.
Business
TASE unveiled an aggressive roadmap targeting ₪1 billion in revenue — pushing to transform the domestic bourse into an internationally connected trading venue.
BackgroundThe Tel Aviv Stock Exchange transformed from a member-owned non-profit into a publicly traded corporation in 2019 to modernize Israeli market infrastructure. Management has spent recent years upgrading domestic clearing services and courting foreign institutional capital.
- TASE shares rose 14.98% to record highs following the announcement, pushing the exchange's market valuation to ₪13.5 billion.
- The board approved ₪5 million in retention loan-to-grants and equity options for CEO Ittai Ben-Zeev tied directly to achieving the revenue targets.
- The roadmap introduces bi-currency trading systems and expanded data analytics platforms designed to win back Israeli tech companies listed in New York.
Business
Elbit cleared the path for fast domestic debt and equity issuance — positioning its balance sheet to rapidly finance a record $32 billion defense backlog.
BackgroundDefense manufacturers need substantial ready liquidity to purchase raw materials and keep production lines humming during sustained wartime mobilization. Elbit makes precision artillery munitions, reconnaissance drones, and military electronics for the Israel Defense Forces and international buyers.
- The approval from the Israel Securities Authority permits instant domestic public securities offerings in Tel Aviv via supplemental disclosures.
- Elbit delivered second-quarter revenue of $2.29 billion, propelled by soaring domestic and allied demand for ground combat systems and armed aerial drones.
- The streamlined registration lets Elbit raise capital immediately when borrowing terms improve without undergoing multi-week regulatory reviews.
Business
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