Rappaport in Talks to Acquire McDonald's Israel Franchise

Wiz founder Assaf Rappaport has entered talks to acquire McDonald's Israel franchise, which includes approximately 230 locations across the country.

The estimated value of the franchise is between $200 million and $300 million, with annual sales of around 1.7 billion shekels ($470 million) and a profitability range of 8-10% of revenue.

Rappaport, one of Israel's wealthiest and most influential business figures, comes from a different business world compared to other bidders in the race.

He has built a broad investment portfolio since Wiz was sold to Google for $32 billion, including investments in startups in artificial intelligence and cybersecurity, as well as venture capital funds like Sequoia and Andreessen Horowitz.