Insight Partners in Negotiation for a Stake in Gaming Company Moon Active
The New York venture firm is set to buy an 8%-10% stake according to a company valuation of approximately $1.2 billion, one person told Calcalist
New York-based venture capital and private equity firm Insight Partners is in advanced negotiations for a stake in Israeli gaming company Moon Active Ltd., according to one person familiar with the deal who spoke to Calcalist on condition of anonymity. According to that person, the burgeoning deal will be made according to a company valuation of approximately $1.2 billion. Insight is set to pay between $100 million and $120 million to buy an 8% to 10% stake from existing shareholders, that person said.The news comes days after Insight Partners confirmed its $1.1 billion acquisition of another Israeli company, IoT security startup Armis Inc. Calcalist first reported that Armis was in advanced negotiations with an unknown buyer on Monday, citing sources.