Twenty20.

Patent sale to Snap puts Israeli intellectual property on the map

In the stirring documentary "On the Map," Israeli director Dani Menkin tells the story of the Israeli basketball team Maccabi Tel Aviv’s shocking upset of longtime powerhouse Central Sport Club of the Army (CSKA) Moscow in the 1977 EuroLeague playoffs, a victory that, in the immortal (and grammatically incorrect) Hebrew words of the team’s Israeli-American captain Tal Brody, finally put Israel “on the map.” Now, some 40 years later, Israel once again finds itself on the map, this time in the realm of intellectual property, after Israeli company Mobli sold a key “geofiltering” patent last month to Snap for a reported $7.7 million — the largest sale to date of an Israeli patent.