Sun Corp in talks to sell stake in Israel's Cellebrite -newspaper (updated)
26/12/2018 12:53
(Adds KKR declines comment)
JERUSALEM, Dec 26 (Reuters) - Japan's Sun Corp 6736.T is
looking to sell up to 50 percent of Israeli digital intelligence
provider Cellebrite at a valuation of $400 million, an Israeli
financial newspaper said on Wednesday.
Sun Corp values the fully-owned affiliate, which specializes
in forensics and extraction of data from mobile devices, at $400
million, The Calcalist newspaper said.
Sun Corp was in talks with a number of potential buyers,
including Australia's Macquarie Group MQG.AX and U.S. private
equity firm KKR KKR.N , it said.
Officials at Cellebrite, Sun Corp and Macquarie were not
immediately available for comment. KKR declined to comment.
(Reporting by Ari Rabinovitch
Editing by Mark Heinrich and John Stonestreet)
((ari.rabinovitch@thomsonreuters.com; +972-2-632-2202; Reuters
Messaging: ari.rabinovitch@thomsonreuters.com@reuters.net))