The Merit Spread Foundation, backed by a group of high-tech entrepreneurs led by Wiz co-founder Assaf Rappaport, is acquiring control of TV station Reshet 13 from Len Blavatnik. Access Industries, through which Blavatnik owns the channel, announced the agreement on Friday.
Merit’s entry will replace a group of investors led by businessman Patrick Drahi, whose attempt to acquire control of the network ran into regulatory difficulties.
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