Yad2, Israel's Largest Classified Ads Website, Sold to Axel Springer for $234 Million

Sale of online classified site will leave controlling shareholder Bezeq with giant capital gain.

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Yad2, Israel’s largest classified ads website, is being sold to Germany’s Axel Springer Digital Classified for a price that could reach as much as 806 million shekels ($234 million), the website’s owner,...