News Brief 4/5/2012, Nisan 13, 5772
YnetNews Buys 50% of Hareidi News Site
Yediot Achronot Newspaper, which runs the Ynet News web site has acquired 50% ownership of the Kikar HaShabbat news web site. Kikar HaShabbat was founded in 2009 and caters to the yeshiva community, often referred to as the "hareidi" population. According to Globes business news, the multimillion shekel deal took months of negotiations.