Israel · Country watch
Proofpoint Buys Varonis, UK Sanction Powers Expand
Proofpoint acquires Varonis for $6.3 billion; UK expands sanction powers affecting West Bank settlements.
In this briefing United Kingdom · West Bank · Proofpoint · Varonis · Israel · European Union
Regulation
UK expands sanction powers on West Bank settlements
The UK has expanded its sanction powers, allowing actions against companies involved in West Bank settlements, the Jerusalem Post reports. This move comes ahead of the deadline for construction bids in the E1 area between Jerusalem and Ma'aleh Adumim. The decision is part of a diplomatic dispute between Israel and Britain, potentially affecting construction projects and companies operating in these areas.
Impact Construction firms involved in West Bank settlements face increased regulatory risks from UK sanctions.
Sources: Jerusalem Post ↗
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Proofpoint acquires Varonis for $6.3 billion
Proofpoint, a cybersecurity company, has agreed to acquire Israeli data security firm Varonis for $6.3 billion, Haaretz reports. Varonis shareholders will receive $49.75 per share, a 52% premium over the stock's price before sale rumors emerged in June. The acquisition is backed by private equity firm Thoma Bravo. This deal highlights the growing interest in Israeli tech firms and could lead to further consolidation in the sector.
Impact Investors in Varonis gain a 52% premium; Israeli tech firms see increased acquisition interest.
Markets
Nothing significant reported today.
Trade
Nothing significant reported today.
Politics
Mapping of 121 sanctions against Israel released
A new database tracks 121 sanctions measures against Israel across 61 countries, Ynet reports. The Israeli Foreign Ministry is making efforts to counter these measures, but officials warn that EU sanctions could have dramatic consequences. This highlights the ongoing international scrutiny and pressure on Israel, which could impact various sectors.
Impact Israeli public-sector and businesses face increased international scrutiny and potential economic impacts from sanctions.
Sources: Ynet ↗
Also today in Israel
- BoP's Mladenov: Suspension of private sector goods into Gaza is 'unacceptable' — Jerusalem Post
- Авиахаос в Европе: массовые отмены рейсов и неожиданный сбой — cursorinfo
- Israeli media's polling obscures the majority opposed to Netanyahu - opinion — Jerusalem Post
- Israel cannot afford another election: Why Netanyahu, Eisenkot must consider unity - opinion — Jerusalem Post
- The battle for Israel: As Netanyahu rallies the Right, Eisenkot makes his move for power — Jerusalem Post
- Majority of Israelis favor unity government if October 27 election ends without clear winner - poll — Jerusalem Post
- Yaron Zelekha slams Netanyahu's economic policy, vows to cut cost of living — Jerusalem Post
- Iran manages to ship some gas, jet fuel despite US blockade, sanctions, data shows — Jerusalem Post
Sources in this briefing
- Globes 1
- Haaretz 1
- Jerusalem Post 1
- Ynet 1
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
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- Iraq: Iraq Completes Cabinet, Investment in Hor Al-Dalmaj
- Iran: Iran-Armenia Trade Plan, Oil Tanker Fire in Hormuz
- Italy: Transport Strikes and Air Traffic Disruptions
- Japan: BOJ Rate Hike, Earthquake Alert Error, Rakuten Bond Sale
- Kenya: Ebola Control Rules, Cargo Regulations, Khat Beverage Crackdown
- South Korea: Seoul Stocks Rebound, Hyosung Expands, Bucheon Fire
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- Mexico: Sonora Cattle Exports Halted, Hurricane Trudy Approaches
- Malaysia: Road Law Changes; El Nino Pressures Fisheries
- Nigeria: Nigeria Reopens First Niger Bridge, Inflation Eases
- Netherlands: Albert Heijn Delays, Infrastructure Cuts, Train Disruptions
- Poland: Tusk Warns of Russian Escalation, NBP Board Nomination
- Portugal: Lisbon Metro Strikes, Housing Protest Investigation
- Russia: Kirov Airport Halts, India-Russia Trade Grows
- Senegal: Senegal's Tax Exemption Audit, Strike Moratorium
- Syria: Gas Line Explosion, Currency Fluctuations
- Turkey: MSCI Freezes Indices, Istanbul Braces for Storm
- Ukraine: Kyiv Power Outages, New Import Tax Law
- United States: DOJ Fraud Directive, Wildfire Evacuations, Tech Stock Slide
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