Billionaire Saban’s Deal Flop Exposes Israel to U.S.-China Spat
- Media mogul can’t repay loan for telco stake bought in 2013
- Israel must navigate U.S. pressure around Chinese investment
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Billionaire Haim Saban’s failed investment in an ailing Israeli telecommunications company could become a headache for Hong Kong’s CK Hutchison Holdings Ltd., which risks getting caught in the crossfire of a U.S. campaign to cool Israel’s ardor for Chinese investment.