The Netanyahu era likely has come to an end in Israel, as Netanyahu has failed to form a government and has surrendered the Mandate to President Rivlin. President Rivlin is expected to give the Mandate to Gantz of the Blue and White.
There are three possible outcomes:
Gantz forms a coalition government with Likud. Very unlikely as Likud will insist that the Ultra-Orthodox parties be included while Gantz will likely reject this.
Gantz forms a minority center left government with the support of the Arab List. While unlikely, not entirely out of the question.
Gantz fails and returns the Mandate. Israel proceeds to election number 3.