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Israeli billionaire Patrick Drahi, linked to Netanyahu, to buy 15%-25% stake in Channel 13, sparking press freedom concerns.
Israeli businessman Patrick Drahi, linked to Prime Minister Netanyahu, is set to acquire a 15% to 25% stake in Reshet 13, owner of Channel 13 and i24NEWS, after the company’s board approved the deal.
Drahi’s $25 million investment, backed by his telecom firm Altice, was chosen over a larger bid from Israeli tech executives due to faster regulatory prospects.
The deal, which may lead to up to 250 job cuts through a merger, faces scrutiny over media concentration, especially given Drahi’s existing control of HOT and concerns about editorial independence.
Regulatory approval from Israel’s Second Authority and Competition Authority is pending, with civil society groups and journalists urging opposition over risks to press freedom.
El multimillonario israelí Patrick Drahi, vinculado a Netanyahu, comprará entre el 15% y el 25% de la participación en el Canal 13, lo que genera preocupaciones sobre la libertad de prensa.