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Elron was founded in 1962 by Uzia Galil, with the support of Dan Tolkowsky of the Discount Investment Corporation.
Elscint was founded as a subsidiary of Elron with an initial investment of 250.000 US dollars, Suhami was appointed as the company's CEO and Dan Tolkovsky (who was the CEO of Discount Investment Corporation parent of Elron at the time) was appointed as Chairman.
In June 2011, The Israel Land Development Company sold the controlling shareholding of Maariv to "Discount Investment Corporation" of the IDB Group, controlled by Nohi Dankner.