Money In, Money Out
Israel has 'shepped naches' (taken pride) in the sale of home-grown navigation app Waze to Google for a stunning $1.1B.
Prime Minister Netanyahu called Waze owner Noam Bardin saying:
“Congratulations, you reached your destination! You put Israeli technology on the global map! You are also contributing to state coffers, which is welcome at this time. I am waiting for your next start-up! You have done exceptional work.”
In the same week, with a lot less razmataz, Teva, Israel's leading pharmaceuticals manufacturer, conceded in court that they had infringed Pfizer's patent on the Protonix drug, which is for treating gastroesophageal reflux disease.
Together with fellow patent infringer, Sun, Teva settled for a total fine of $2.15B, of which Teva is required to pay $1.6B.
So, in Bibi's terms, the net "contribution to the State coffers" of the two mega-buck Israeli deals - looks to me like a minus.
The pride, and the shame.