UPDATE 3-Israel's Netanyahu gives up effort to form new government

UPDATE 3-Israel's Netanyahu gives up effort to form new governmentBenjamin Netanyahu gave up his effort to form a new government on Monday after failing to secure a majority coalition, creating an opportunity for centrist rival Benny Gantz to replace Israel's longest serving prime minister. Netanyahu, who heads the right-wing Likud party, said he had been unable to form a government following an election in September, and was returning the mandate back to Israel's president, Reuven Rivlin. Rivlin said he intends to task Gantz with the job of putting together a new government.




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