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Winners and Losers of the Week: Ousted Cyvera Co-Founder Who Won Back His Share in Court Is This Week’s Winner

Selection of this week's winners and losers by CTech's Editor

Elihay Vidal 09:5216.08.19
This week’s winner is:

 

Ousted Cyvera co-founder Moshe Ben Abu, who will be receiving millions of dollars from his fellow Cyvera co-founders, according to a Tel Aviv court ruling earlier this week. Ben Abu waived most of his stake in Cyvera prior to its acquisition by Palo Alto Networks for around $200 million in 2014. He later claimed that he was tricked by his two fellow co-founders. Read more

 

This week’s losers are:

Teva. Photo: Getty Images Teva. Photo: Getty Images

Teva, for its less-than-thrilling quarterly reports. At first glance, the struggling pharmaceuticals company’s second quarter reports provided little cause for drama. The small print reveals a very different story. Read more

 

Teva’s losses did not stop it from awarding its employees $390 million-worth of bonuses. Read more 

 

Digital wallet startup Colu, for having to back-track on its ICO. In early 2018, Colu raised $20 million in an initial offering of its own cryptocurrency, Colu Local Network (CLN); this week, the company announced it will buy back its crypto coins. Read more

 

 

This week’s top deals:

 

WeWork nearing IPO. Read more

 

Y Combinator headed to Israel. Read more

 

Nice scores $137 million contract with the U.S. Federal Aviation Administration. Read more

 

Medical aesthetic device manufacturer InMode raises $70 million on Nasdaq IPO. Read more

 

Rafael receives final approval for Aeronautics acquisition. Read more

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