Private equity firm Apax Partners is in talks to sell Israeli shopping comparison website Zap to German publishing firm Axel Springer (SPRGn.DE) for up to 500 million shekels ($144 million), a source close to the matter said, confirming media reports

Apax and Axel Springer declined to comment on Wednesday.

The source said Apax put Zap up for sale two weeks ago and asked for bids of between 450 million and 500 million shekels and that Apax was reviewing offers from buyers.

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