Just as the deadline for the formation of new government had to be announced before the midnight. The opposition parties of Israel had said that they have got the support of other two small parties. The coalition was signed before the ten to fifteen minutes remaining of the deadline.

The coalition of the Israel political party announced on Wednesday night that they had agreed to a deal. The deal was to form a new government and paving a way for Netanyahu to exit from the longest serving Prime minister.

Yair Lapid, leader of the centrist Yesh Atid party, notified Israeli President Reuven Rivlin that he had managed to cobble together a coalition just 38 minute before the deadline.

Though the centrist leader Yair Lapid has the power to form the government, but it will be Naftali Bennett a small right party of Yamina . Naftali will serve as the Prime Minister for the two years in the four year term. Lapid will serve as foreign minister until the two men swap roles halfway through the term.

In a statement, Lapid said the “government will work to serve all the citizens of Israel including those who aren’t members of it, will respect those who oppose it, and do everything in its power to unite all parts of Israeli society.”

The deal is a seismic event in recent Israeli political history as it could spell the final days of Netanyahu’s 12 years in office.

The coalition agreement must now pass a vote of confidence in the Knesset, Israel’s parliament, before a new government and prime minister are sworn in.

From Left wing to Right wing all parties came together

The new government ​consists of a number of parties from across the political spectrum, from the left-wing Meretz to Bennett’s right-wing Yamina party.

In a historic moment, the small Islamist party United Arab List also decided to join the coalition, the first time an Arab-Israeli party has joined a coalition. The party is unlikely to have a minister in the government, but will have negotiated with the coalition on issues important to them.

Not much unites the parties other than their desire to oust Netanyahu, and the parties differ in their stances on some of the country’s most pressing issues, especially relationship with Palestine.

Bennett is the son of American immigrants and a former elite commando in the Israeli military who made millions in the Israeli tech industry.

He previously served as defense, economy and education minister under Netanyahu, but is politically even more right-wing than the longtime Israeli leader on certain issues, especially pertaining to relations with Palestinians. But he’s more moderate when it comes to social issues such as LGBTQ rights.

Bennett once led a West Bank settler organization and has previously said he did not believe in a two-state solution that would establish a state for Palestinians in the West Bank and Gaza. ( With Inputs from cnn and other external sources)