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Short Take: TheStreet.com to enter Israeli venture

TheStreet.com plans to enter a joint venture with Ha'aretz, a leading Israeli newspaper publisher. TheStreet.com plans to invest $2.25 million in cash in exchange for a minority stake in a new Israeli company founded by Guy Rolnik and the Ha'aretz Group, the majority owner. The new venture will launch in 2000 and will feature financial and technology news in English and Hebrew.

TheStreet.com plans to enter a joint venture with Ha'aretz, a leading Israeli newspaper publisher. TheStreet.com plans to invest $2.25 million in cash in exchange for a minority stake in a new Israeli company founded by Guy Rolnik and the Ha'aretz Group, the majority owner. The new venture will launch in 2000 and will feature financial and technology news in English and Hebrew.