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Russian immigrant billionaire buys 20% of

From Globes on 6/13/2011 at 12:16 PM

Categories: Finance, Business

Russian immigrant billionaire buys 20% of

According to "Haaretz," "All the funds will go into the company, and Nevzlin will join the firm's board of directors. After the investment, the Schocken family will hold a 60% stake and the publishing company DuMont Schauberg of Cologne, Germany, will hold 20%." Amos Schocken said in an announcement by the newspaper, that the new investment follows year-long talks. It is quite possible that Nochi Dankner's acquisition of "Ma'ariv" and the increasing threat to the newspaper accelerated the business deal. Nevzlin is …More

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