Formula Vision Technologies and Formula Systems (Nasdaq:FORTY) CEO and controlling shareholder Dan Goldstein have avoided a firm commitment to participate in portal Walla's rights issue, Goldstein told Yedioth Ahronoth.

But Goldstein did say he might participate in rights issue.

The Ha'aretz group, which owns 27.6% in Walla, and Bezeq International, which owns 24.8%, have given their commitment to exercise their rights in the issue, in which Walla is planning to raise some $10 million.

Walla is planning to use the proceeds to repay a bank loan from a year ago. The company had NIS 3.5 million in cash at the end of the third quarter of last year.

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TheMarker is also part of the Ha'aretz group.