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Silver Lake is looking to buy Conduit, an Israel-based company, for more than $200 million

Yozma Venture Capital could sell its shares of Conduit to Silver Lake for more than $200 million

| Business, Financial & Legal News | Posted: Feb 10, 2012 12:19 pm

Yozma Venture Capital is looking to sell their shares in Israel-based Conduit, a company who creates user engagement tools. Yozma could receive more than $200 million if they sold their shares, Globe reported yesterday.

 

TweakTown image news/2/2/22606_14_silver_lake_is_looking_to_buy_conduit_an_israel_based_company_for_more_than_200_million.jpg

 

The buyer is Silver Lake, a U.S. private equity firm, who is looking to pay between $200 and $250 million for the stake in Conduit. Globes describes the firm as a:

 

large foreign investment firm that has tens of billions of dollars in assets under management.

 

Yozma originally invested $1.5 million in the company back in 2006 for a 9-percent stake. If this deal continues, Yozma would see a very impressive 200-times its initial investment, or 20,000-percent. This is an insane deal for Yozma, and shows they invested their money very wisely.

 

What do Conduit offer? They offer three services, first, a community toolbar that boosts traffic and grows website communities, a mobile service that creates apps, and the Wibaya Bar, which promotes social engagement.

NEWS SOURCES:Venturebeat.com

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