"Bill Ackman and Wife Acquire 4.9% Stake in Tel Aviv Stock Exchange"
Billionaire hedge fund manager Bill Ackman and his wife Neri Oxman have acquired a 4.9% stake in the Tel Aviv Stock Exchange (TASE) for $25 million as part of TASE's secondary offering. The purchase, which drew interest from investors globally, is expected to close on Jan. 25. Ackman cited the potential for a significant return and expressed confidence in Israel's economy and long-term future. The funds raised will be used to invest in TASE's technology infrastructure.