Why did a German giant buy up Yad2, the craigslist




The Cost of Doing Business show

Summary:  On this episode of The Cost of Doing Business: -Yad2, Israel’s biggest classified ads website, is sold to German publisher Axel Springer for 800 million NIS ($230 million) - the highest price EVER paid for an Israeli internet company with no international revenues. Is this a sign of a growing internet bubble? David Rosenberg, Economics Editor for Haaretz in English, says neigh -TheMarker’s annual “100 best employers” survey the best place to work in Israel. If you assumed “a tech company” then you're wrong. Turns out Israelis prefer to work for the big monopolies, including government-owned companies. Why is this? Hagai Amit, Senior Correspondent for financial newspaper TheMarker, explains -A twist of fate: The partners at the Tamar natural gas field will sell $20 billion of natural gas to Europe, via Egypt. Not too long ago it was Israel who imported gas from Egypt. Dr. Amit Mor, CEO and co-owner of Eco Energy Consulting Strategic Investments, explains the irony. -The next big Israeli exit? Israeli startup Wilocity is in negotiations to sell for $300-$500 million, possibly to Qualcomm. Assaf Gilad, High-Tech correspondent for Calcalist, has the details. -Start up of the week: Tal Agassi, former vice president of Better Place reinvents himself with a new social network for shopping called GotIt. Agassi tells us about the lessons learnt from Better Place, and what sets his company apart from other social shopping apps -Plus: music by Mastodon, Grinderman, Einstürzende Neubauten, Warren Zevon, Flogging Molly and Mujahideen