Investors news

Heading for TASE: GoTo Global Mobility will become a public company and start trading on the Tel Aviv Stock Exchange after Shavuot The General Meeting of NeraTech Media approved the merger with shared transport company GoTo Global

To Watch
05/08/2022

NeraTech: Spanish company ION ION makes an investment in GoTo Global of $2.5 million, supplementing the preliminary financing round, currently at some $22 million The strategic investment in GoTo Global Mobility is a significant vote of confidence by an important player in the automotive industry

To Watch
04/06/2022

NeraTech Media and GoTo Global Mobility transaction gets underway: A merger agreement of some $158 million has been signed between the companies. Following the transaction, GoTo will have a joint cash reserve of some $25 million. In the transaction, GoTo’s valuation is about $115.2 million, and NeraTech’s valuation is $42.8 million, reflecting a deal value of some $158 million

To Watch
02/09/2022

NeraTech Media to acquire GoTo Global Mobility in a mega-deal GoTo is Israel’s largest shared transport company and a world leader in the concept of transport as a service The acquisition will be made by way of a stock exchange, in which the parties agreed on a value of $120 million (ILS 380 million) for GoTo Global Mobility, and $42.9 million (ILS 137 million) for NeraTech The acquisition will be made according to an expected ratio of about 74% for GoTo’s shareholders and about 26% for the shareholders of NeraTech Media. Post-closing, the company will have about $30 million in cash as of the transaction closing date, including some $12 million from NeraTech’s cash reserves GoTo’s investors include DBSI’s Shagrir Group, Adam Neumann and the Ungar family

To Watch

NeraTech Media reports its engagement in an agreement for receipt of another approx. ILS 11 million (approx. $6.3 million) for future consideration contingent on achievement of results from the sale of the app distribution business. Since March 2020, the company has been working to carry out transactions for a merger in the near future, with target companies having significant growth potential. The company is working to find a strategic financial partner for the company’s audio business, Trinity Audio

To Watch
08/19/2021

Neratech Media releases its financial statements for H1/2021 Subsidiary Trinity continues rapid growth and has exceeded the creation of 1 million audio segments in the report period. Neratech Media has cash reserves of some $11 million and is considering the acquisition of new activities both in the company’s existing lines of business and in other business areas

To Watch
08/02/2021

Nera Tech Media: Trinity Audio continues to accelerate its activity – following Forbes and the Chicago Tribune, the website of leading magazine Newsweek joins the long list of the company’s customers. Newsweek website surfers will now be able to hear all the website’s content via Trinity’s player, which converts textual content into audio content. Other customers include the McClatchy Group websites, the Lenovo Newsroom, and additional news and content websites, such as Jagran New Media, India Today, the Jerusalem Post and others

To Watch
06/13/2021

Somoto: Trinity Audio, converting readers into listeners, is going live on the Forbes website. The text-to-speech player has been installed in the Forbes website, which has 115 million entries every month. Forbes joins other websites in which the player is embedded, such as the websites of the McClatchy Group and Lenovo Newsroom, as well as additional news and content websites such as Jerusalem Post, Jagran New Media, India Today and others

To Watch
04/28/2021

Somoto: Trinity Audio accelerates its activity – after Forbes, the company is now converting readers into listeners for the Chicago Tribune website, a pilot based agreement; The Chicago Tribune joins other websites in which the company’s text-to-speech audio player is integrated, such as those of the McClatchy Group and Lenovo Newsroom, as well as additional news and content websites such as Jagran New Media, India Today, Jerusalem Post, and others. Trinity is working to bring strategic, financial, and business partners into the field

To Watch
Facebook Linkedin