Australian company buys Israeli social gaming firm for $500 million
Another Israeli company signs major exit deal: EMK buys Luminati for $200mEMK Capital has acquired the majority of shares in Luminati, which is part of the Israeli VPN network division of Hola, for $200 million. “We believe that with EMK’s transformational growth experience, Luminati will reach the next level in its development,” said the firm’s CEO.
EMK Capital announced on Thursday that it has purchased the majority of shares in Luminati, which is part of the Israeli VPN network division of Hola, for $200 million. As part of the deal, Hola co-founders Ofer Vilenski and Derry Shribman will continue to hold a significant stake in the company while the former continues to lead Luminati as its CEO.
Hola, which was founded in 2013, provides its users with unrestricted internet access by enabling them to access websites that are blocked in the country where they are located. Hola’s VPN service comes as an add-on to web browsers so that at any moment, a user can choose from which country he would like to surf the internet even if he is not physically there.
“I am extremely proud of Hola’s team, which over 4 amazing years has grown Luminati from a technology to a profitable, fast growing business,” Vilenski said. “We believe that with EMK’s transformational growth experience, Luminati will reach the next level in its development, bringing transparency to commerce and data security.”
Earlier today, JOL reported that the Australian company Aristocrat Leisure Ltd. purchased the Israeli social gaming startup Plarium Global Ltd. for $500 million in cash. Plarium, which was represented in the deal by the Israeli law firm Goldfarb Seligman, is considered one of the leading companies for social gaming development for mobile devices, social media and computers in the world. Plarium has over 250 million users and about 1,200 employees worldwide.
Found mistakes in this report? - Click Here