Ilan Ben-Dov
Ilan Ben-Dov (Hebrew: אילן בן-דב; born 16 January 1957[citation needed], in Tel Aviv, Israel[citation needed]) is an Israeli businessman and investor.[1]
Ilan Ben-Dov | |
|---|---|
| Born | 16 January 1957 Tel Aviv, Israel |
| Nationality | Israeli |
| Other names | Hebrew: אילן בן-דב |
| Occupation | businessman |
Business career edit
Ilan Ben-Dov started in business at the age of 17, working as a games operator at a swimming pool.[2] He began importing SEGA electronic games 13 years later, before founding Suny Electronics Ltd in 1991.[3] In 1993, during a Tel Aviv Stock Exchange bubble, Suny raised NIS 20 million in an IPO.[2]
In 1998, Ben-Dov obtained the Israel franchise to import Samsung Electronics cellular telephones,[4] and acquired control of the Achla web portal from Avi and Hagit Maor in September 1999.[5] Acquisitions continued to grow the empire, and in January 2001 Ben-Dov acquired the Tapuz web portal for $450,000[6] through Achla. In March 2000, Pelephone and Ben-Dov launched GoNext, the first wireless Internet company in Israel.[7] On 29 October 2002, Ben-Dov sold all of his shares in GoNext to Pelephone for NIS 42 million.[8] On 27 December 2004, he sold 3% of IDB Holding Corp. to Nochi Dankner.[9]
In January 2004, he founded, together with Oren Levy, Dan Chen, Guy Alon Eliav and Nir Ofir, a video chat website that he called BlogTV in Israel. in 2006 the website offered its service to the rest of the world and became popular in the US and Canada. in December 2007, the Israeli TV show To Catch a Predator by Arutz Eser was devoted to impersonating 13 years old girl named "Lotem13" and detaining male adults who contacted her via the BlogTV chat for sexual liaisons.[10]
On 4 April 2005, he bought more 6.3% of Giron shareholding.[11] In 2005, Ben-Dov expanded his financing activity and founded Tao Tsuot Ltd., which made a number of leveraged investments in public companies.[2] However, these investments were made at the height of the bull market. Tao took a severe battering during the market crash in 2008,[2] posting heavy losses as share prices crashed, and it fell into a shareholders' equity deficit.
In 2008, he restructured Suny's holdings and sold the Samsung cellular telephone import business to Suny subsidiary Scailex Corp. ltd. Except for importing Samsung cellular telephones, Suny was active in the Internet service field through its controlling interest in Internet portal Tapuz People Ltd and BlogTV. In August 2009 Ben Dov acquired control of Partner Communications from Hutchison Telecommunications International for NIS 4.7 billion (about $1.38 billion),[12] financed through loans provided by the financial institutions that bought his bonds, the banks, and Hutchison's seller's loan.[citation needed] On 10 January 2010, he sold 4.92% of Azorim Investment, Development and Construction Ltd. for NIS 36.8 million.[13]
In October 2010, Ben-Dov bought 012 Smile for NIS 1.5 billion.[14] In December 2012 Ben dov sold 30.7 percent of Partner Communications along with control of the company to Haim Saban.[15] On 6 May 2013, Ben Dov put Tapuz up for sale.[16]
On 10 July 2013, a court ordered the liquidation for Ben-Dov's Tao.[17] The following day Bank Leumi granted a temporary foreclosure order against Ben-Dov's assets.[18] In September 2013 Ben Dov sold the Tapuz web portal to Trendline Information and Communication Services Ltd. for NIS 4.3 million.[19] On 23 June 2014, Scailex board ousted Ilan Ben-Dov as chairman.[20]
Ben-Dov has made a number of financial investments, and Suny has become a party at interest in several companies, including IDB Holding Corp. Ltd.[2]
Holdings edit
- User trend (formerly: Tapuz people)
- BlogTV
- Partner Communications Company Ltd.
- 012 Smile
- Suny.com Ltd.
- Derech HaLotus Ltd.
- Refuat Halotus Ltd.
- Tao Tsuot Real Estate Ltd.
- Ben Dov Investments Ltd.
- I. Ben Dov Investments Ltd.
- Harmony (Ben Dov) Ltd.
References edit
- ^ . Forbes. Archived from the original on 19 October 2012.
- ^ a b c d e "The rise of Ilan Ben-Dov". globes.co.il. 12 August 2009.
- ^ "Suny Electronic Inc Ltd (SUNY:Tel Aviv)". Archived from the original on 4 January 2014. Retrieved 27 December 2023.
- ^ Rochvarger, Michael (13 July 2011). "Ben-Dov Restructuring Tao Tsuot Debt". Haaretz.
- ^ "Sunny Acquires 80% of Achla Portal Against $1 Mln Investment". globes.co.il. 12 July 2009.
- ^ "Suny buying Tapuz portal for $450,000; initial price tag was $7.2 mln". globes.co.il. Retrieved 27 December 2023.
- ^ "Pele-Phone, Suny.com Launch GONEXT – 1st Israeli Wireless Internet Company". globes.co.il. 6 March 2000.
- ^ "GoNext dispute over". globes.co.il. 29 October 2002.
- ^ "Nochi Dankner buys 3% of IDB from Ilan Ben Dov". globes.co.il. 27 December 2004.
- ^ "To Catch a Predator" – via YouTube.
- ^ "Ilan Ben-Dov Hikes Giron Shareholding to 6.3%". Haaretz. 4 April 2005.
- ^ "Ilan Ben-Dov buys controlling interest of Partner". ynetnews.com. 8 December 2009.
- ^ "Ben-Dov liquidates Azorim stake". globes.co.il. 10 January 2010.
- ^ "Partner Buying 012 Smile". Haaretz. 14 October 2010.
- ^ "Scailex sells Israel's Partner to Saban". Reuters. 2 December 2012.
- ^ "Ben-Dov auctions Tapuz". globes.co.il. Retrieved 27 December 2023.
- ^ "Court orders liquidation for Ben-Dov's Tao". globes.co.il. 10 July 2013.
- ^ "Leumi attempts to seize Ben-Dov's assets". globes.co.il.
- ^ "Trendline buys Tapuz Internet activity". globes.co.il. 1 September 2013.
- ^ "Scailex board ousts Ilan Ben-Dov as chairman". globes.co.il. 23 June 2014.
External links edit
- Zorba the Buddhist
- Ben-Dov: Partner was too big for me
- Ilan Ben Dov's Partner venture ending in tears
- Ben-Dov restructuring Tao Tsuot debt
- Ilan Ben-Dov pursuing stock sale, bond offering to meet debt over Partner
- Ben-Dov is only the first debt victim
- Ben-Dov: Hutchison can't quit Partner agreement
- Ben-Dov brought Tao low, but the watchdogs missed the signs