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Merit Spread Foundation
3 stories about Merit Spread Foundation
The Wiz founders’ nonprofit behind Israel’s most unusual media deal
16.03.26
|
Omri Kalischer
The Merit Spread Foundation will serve as the vehicle for the tech entrepreneurs’ bid to acquire Reshet 13, backed by a planned $125 million investment.
Wiz CEO Assaf Rappaport’s tech group to acquire Israeli broadcaster Reshet 13 from Len Blavatnik
13.03.26
|
Omer Kabir
Tech-backed Merit Spread Foundation, which will replace a proposed takeover by telecom tycoon Patrick Drahi, plans to invest about $120 million in the struggling broadcaster.
Wiz founders donated 1% stake to charity, now worth $320 million
09.03.26
|
Omri Kalischer
The stake, pledged by Assaf Rappaport and Yinon Costica through the Merit Spread Foundation, could generate close to NIS 1 billion in funding for social causes after the Google deal closes.