Yozma Venture Capital is in talks to sell its share of Conduit for more than $ 200 million, Globes reported Thursday.
The buyer is Silver Lake,a U.S. based private equity firm, which is paying between $ 200 and $ 250 million for the stake of the company. The Globes describes the firm as having “large foreign investment firm that has tens of billions of dollars in assets under management.”
Yozma invested $ 1.5 million the company back in 2006 and got a 9 percent stake in the company. With this latest deal, Yozma will see a 20,000 percent return on investment, which is staggering.
Conduit is an Israeli tech start-up that specializes in reader engagement and social media. Its main products are toolbars for websites that promote published content.
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