The Israeli website Investing.com was sold to an Asian fund for $ 500 million

The Israeli investment platform Investing.com, was sold to a fund in international investments from East Asia for $ 500 million. This is one of the significant exits of the year, when the deal itself was signed several months ago.
Among other things, the deal includes the sale of MS Fusion Media, the Cypriot company that incorporates the site's activities, which was established by kibbutznik Dror Efrat.
A year and a half ago, Efrat transferred the site to the management of Omar Shavili, who apparently pushed to sell the site. 60 million users of the site, which tracks 100 stock exchanges worldwide, futures, bonds, commodities, foreign exchange, digital currencies and operates in 20 different languages.
The company, founded in 2007 by Efrat and 3 other partners, employs most of its 250 employees in offices in Tel Aviv and has never raised money. The site is free, with all the company's money it makes from advertisements.
In 2012, Efrat and its partners acquired the domain Investing.com for $ 2.45 million, and according to the website TECHCRUNCH, this is the second largest transaction in the world that year for the purchase of a domain name.