The owner of a controlling stake in the Reshet television company (ITV Channel 13), billionaire Len Blavatnik, is negotiating the partial or complete sale of the television channel with the founder of Palo Alto, Nir Zuk.
As Globes reports, Zuck, who recently closed Lior Schlein’s Relevant project, has long been interested in entering the media market, but only in recent days have negotiations between the parties begun to be substantive.
Journalist Nevo Trabelsi writes that recent events at the television company, including a conflict between management and journalists and a drop in ratings, led to a change in Blavatnik’s position, who decided that he was no longer ready to invest money in the channel.