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Market Chatter: AT&T Acquires 15% Stake in DriveNets
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Market Chatter: AT&T Acquires 15% Stake in DriveNets
Oct 8, 2025 5:08 AM

07:31 AM EDT, 10/08/2025 (MT Newswires) -- AT&T ( T ) has acquired a 15% stake in Israeli networking software startup DriveNets from existing shareholders in a secondary round of funding, Israeli media outlet Globes reported Wednesday.

The deal is estimated between $750 million and $800 million, valuing DriveNets at $5 billion, the report said.

Participating shareholders include Pitango, Bessemer Venture Partners, Harel, and Poalim Equity. The startup has raised $600 million to date from investors, including US funds D1 Capital Partners and D2 Investments, the report said.

AT&T ( T ) and DriveNets did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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