GoTo Mobility Ltd signed a memorandum of understanding to acquire Nera Tech Media (TASE:NRTK) for $120 million in a reverse merger transaction on February 8, 2022. AS of April 5, 2022, GoTo Mobility Ltd entered into a merger agreement to acquire Nera Tech Media (TASE:NRTK) for $120 million in a reverse merger transaction. Nera Tech will acquire the entire share capital of GoTo through the allotment of common shares representing 74% of Nera Tech's equity.

GoTo shareholders will have a 74% stake and Nera Tech Media shareholders will have a 26% stake in a merged entity. Merged entity will be known as GoTo, which will have a market cap value of $163 million. GoTo will list on Tel Aviv Stock Exchange as a part of merger.