China Continues To Buy Up More Western Technology This Time In Israel
(SHOULD IT BE CONSIDERED TREASON FOR A COMPANY OR PERSON TO SELL MILITARY GRADE TECHNOLOGY TO A COMMUNIST GOVERNMENT?)
Chinese co buys Israel’s Spacecom for $285m
Shaul Elovitch has sold Spacecom, which operates the AMOS communications satellites, to Beijing Xinwei Technology.
The price being paid was a 30% premium on the share’s market price yesterday morning when Spacecom first reported it was in talks to be sold for $285 million.
After the acquisition is completed, Spacecom will be delisted from the TASE but its bonds will continue to be traded on the Tel Aviv Stock Exchange.
Published by Globes [online], Israel business news – www.globes-online.com – on August 24, 2016
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