Bezeq And Britannica Learning Channels Decide
To Cancel Bezeq Investment In Britannica.
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| |  | Bezeq and Britannica Learning Channels have decided to cancel Bezeq's
investment in Britannica, due to the many restrictions imposed on the
transaction by the Anti-Trust Commissioner.
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| | | In February 2000, the Board of Directors of Bezeq approved the acquisition
of 44.44% of the shares of Britannica Learning Channels for 4 million dollars,
subject to various official approvals, based on a valuation of Britannica at
5 million dollars before Bezeq's investment.
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| | | Britannica is about to set up a learning-educational portal on the Internet,
based on the content of the Educational Technology Centre and Britannica, Inc.
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| | | Bezeq sees content as a central element for its development in an age of
competition, and attaches great importance to cooperation with leading
companies in the field of educational content.
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| | | Bezeq regrets the cancellation of the transaction.
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