Internet Gold paid Fishman Holdings $140 million for all of Golden Lines.
Eurocom Group subsidiary Internet Gold Golden Lines Ltd. (Nasdaq: IGLD; TASE:IGLD) today completed its takeover of 012 Golden Lines Ltd. through its subsidiary Smile Communications Ltd., for $140 million. Internet Gold acquired all of Golden Lines from Fishman Holdings, not 60% as the parties first agreed in July.
Golden Lines CEO Stella Handler will serve as CEO of Smile Communications, in addition to her present post. Internet Gold CEO Eli Holtzman will serve as deputy chairman and as the CEO of the media spin-off from Internet Gold. Eurocom CEO and Internet Gold chairman Shaul Alovitz will be chairman of the merged company.
Eliezer Fishman is the controlling shareholder in “Globes”.
Published by Globes [online], Israel business news - www.globes.co.il - on January 1, 2007
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