Delek’s Newmed Energy eyes Morocco for its next investment
Monday.com promotes sales head to CRO, restructures 50% of workforce
Playtika buys minority stake in Turkish gaming company Ace for USD 25 million
Teva names new CEO, ex-Novartis, Biogen exec
Delek’s Newmed Energy eyes Morocco for its next investment
The CEO of Newmed Energy (OTCMKTS:DKDRF, TLV:NWMD) (formerly Delek Drilling), part of Delek Group, Yossi Abu believes Morocco is the next destination fot he discovery of new gas reserves, in particular in the Moroccan Sahara, news outlet Maariv reported.
Abu said Newmed is planning to invest in Morocco and aims to be an important energy player in the country.
Abu said Morocco is ideally positioned to become a regional energy center and that the country has a significant renewable energy potential.
The company’s US-traded shares lost 2.5% on Monday, while the Tel Aviv-traded stock lost 1.3%.
Monday.com promotes sales head to CRO, restructures 50% of workforce
Monday.com (NASDAQ:MNDY) plans to restructure half of its workforce, news outlet Business Insider reported.
The workplace management software company appointed former head of sales Yoni Osherov as chief revenue officer, the report noted.
Osherov told Business Insider that the restructuring aims to bring all customer-facing teams under one umbrella in order to make it easier for them to collaborate.
All of the customer-facing teams will report to Osherov.
The Nasdaq-traded shares lost 3.5% on Monday, extending a five-day, 15.8% decline.
Playtika buys minority stake in Turkish gaming company Ace for USD 25 million
Playtika (NASDAQ:PLTK) has agreed to buy a minority stake in Turkish gaming company Ace Games for USD 25 million, Playtika said in a press release.
Ace Games developed free-to-play, innovative casual mobile game Fiona’s Farm.
Playtika CEO Robert Antokol said the investment is part of Playtika’s strategy “to seek exposure to high-growth potential game IP in cost-effective ways.”
Ace Games was founded in 2020 by Hakan Bas who co-founder of Peak Games, which was acquired by social gaming company Zynga for USD 1.8 billion in cash and shares.
PLTK stock price fell just over 2% on Monday.
Teva names ex-Novartis, Biogen exec as CEO
Teva Pharmaceutical (NYSE:TEVA, TLV:TEVA.TLV) appointed Richard Francis as CEO, effective Jan. 1, Teva said in a press release.
Francis will succeed Kare Schultz who is due to retire on Dec. 31.
Francis is joining Teva from gene therapy firm Purespring Therapeutics where he has served as CEO since January 2021. He has also served as CEO of Forcefield Therapeutics since April.
Teva’s New York-traded shares added 1.3% on Monday, while the Tel Aviv-traded shares fell about 2%.