The team behind NetSila will continue to manage operations under Cookpad MENA
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In every corporate narrative, some dates are noted as remarkable, while others less so. For the founders of Shahiya, a digital portal for Lebanese culinary secrets and cooking instructions, January 28, 2015 is one such memorable date. It is the day when NetSila, the holding company that owns the five year young Shahiya recipe site, completed the last step of handing over its entire equity to Japanese acquirer Cookpad for $13.5 million, as well as the date they had to evacuate the Cookpad team on only its second visit to Beirut. Just as the ink was drying on the papers that would finalize the acquisition, a cross border exchange of fire, including rockets, erupted on the country’s southern border in what is considered the most significant military confrontation between Israel and Hezbollah since 2006. There is perhaps no better example of the Lebanese security situation taking its toll on business than
