This site uses cookies to ensure the best viewing experience for our readers.
Winners and Losers of the Week: Ousted Cyvera Co-Founder Who Won Back His Share in Court Is This Week’s Winner

Winners and Losers of the Week: Ousted Cyvera Co-Founder Who Won Back His Share in Court Is This Week’s Winner

Selection of this week's winners and losers by CTech's Editor

Elihay Vidal  :  2019-08-16T09:52:11..
This week’s winner is:

Ousted Cyvera co-founder Moshe Ben Abu, who will be receiving millions of dollars from his fellow Cyvera co-founders, according to a Tel Aviv court ruling earlier this week. Ben Abu waived most of his stake in Cyvera prior to its acquisition by Palo Alto Networks for around $200 million in 2014. He later claimed that he was tricked by his two fellow co-founders. Read more

This week’s losers are:

Teva. Photo: Getty Images Teva. Photo: Getty Images Teva. Photo: Getty Images

Teva, for its less-than-thrilling quarterly reports. At first glance, the struggling pharmaceuticals company’s second quarter reports provided little cause for drama. The small print reveals a very different story. Read more

Teva’s losses did not stop it from awarding its employees $390 million-worth of bonuses. Read more 

Digital wallet startup Colu, for having to back-track on its ICO. In early 2018, Colu raised $20 million in an initial offering of its own cryptocurrency, Colu Local Network (CLN); this week, the company announced it will buy back its crypto coins. Read more

This week’s top deals:

WeWork nearing IPO. Read more

Y Combinator headed to Israel. Read more

Nice scores $137 million contract with the U.S. Federal Aviation Administration. Read more

Medical aesthetic device manufacturer InMode raises $70 million on Nasdaq IPO. Read more

Rafael receives final approval for Aeronautics acquisition. Read more

share on facebook share on twitter share on linkedin share on whatsapp share on mail

TAGS