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Israel Council Approves Merit Fund Control of Reshet 13

By Drooid · Sep 17, 2026, 7:59 AM UTC · How we work

Summary

Story summary

Israel's Second Authority Council approved transferring control of Reshet 13 to the Merit Fund.
Merit, a public-benefit company, will own Reshet 13 shares and control the broadcaster.
Founders Assaf Rappaport and Yinon Costica will fund the purchase and inject $120 million over three years.
Council Chairman Mordechai Mordechai said the approval serves public interest and preserves independence.
The deal replaces a proposed Patrick Drahi takeover that faced cross-ownership regulatory obstacles.

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Story summary

Israel's Second Authority Council approved transferring control of Reshet 13 to the Merit Fund.
Merit, a public-benefit company, will own Reshet 13 shares and control the broadcaster.
Founders Assaf Rappaport and Yinon Costica will fund the purchase and inject $120 million over three years.
Council Chairman Mordechai Mordechai said the approval serves public interest and preserves independence.
The deal replaces a proposed Patrick Drahi takeover that faced cross-ownership regulatory obstacles.