Babylon merger would leave IronSource’s four founders with NIS 2b
Valuation expected to be set at 1:2 ratio in IronSource’s favor, which would give its shareholders 67% of stock in new company.
The merger in the works between Israeli Internet companies Babylon and IronSource is likely to lead to the minting of four new multimillionaires. IronSource founders Itai Milrad, Eyal Milrad, Roy Milrad and Tomer Bar-Zeev each hold 17% of IronSource’s shares, for a total of 68%. Under the merger deal, each would be receiving shares in the new company worth NIS 475 million.