Patrick Drahi to Acquire Reshet 13 Amid Concerns Over Media Independence
Businessman Patrick Drahi is set to acquire Reshet 13, an Israeli television network, after his bid was chosen over a competing offer from Israeli tech executives. The acquisition, led by Drahi, who is often associated with Prime Minister Benjamin Netanyahu, has raised concerns about media independence and potential layoffs. The deal involves an immediate $25 million cash injection for a 15% to 25% stake, with expectations of significant workforce reductions at News 13 and i24NEWS. The acquisition is seen as a strategic move to consolidate media influence, but it faces regulatory scrutiny and opposition from civil society groups. 
