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Merit Foundation Acquires Reshet 13 for $120 Million

3/15/2026

27 2 Full Breakdown

Summary

Story summary

Access Industries will sell Reshet 13 to the Merit Foundation led by Assaf Rappaport (tech entrepreneur), whose Wiz was sold to Google for $32 billion.
Regulators challenged a bid from Patrick Drahi, citing concerns over editorial independence.
The Merit Foundation plans to invest $120 million to secure the channel’s future and boost digital capabilities.
The deal faces fewer regulatory hurdles because it avoids cross-ownership issues.

History

Historical Context

In 2019, Reshet 13 emerged from the merger of Reshet and Channel 10, reshaping Israel's media landscape. The Israeli Communications Ministry has since emphasized editorial independence amid ownership changes. In 2023, Access Industries sold Reshet 13 to the Merit Foundation for $120 million, reflecting ongoing investments in digital broadcasting capabilities and the evolving regulatory environment in Israeli media.

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Story summary

Access Industries will sell Reshet 13 to the Merit Foundation led by Assaf Rappaport (tech entrepreneur), whose Wiz was sold to Google for $32 billion.
Regulators challenged a bid from Patrick Drahi, citing concerns over editorial independence.
The Merit Foundation plans to invest $120 million to secure the channel’s future and boost digital capabilities.
The deal faces fewer regulatory hurdles because it avoids cross-ownership issues.

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