Israel’s Ministry of Defense has released a report saying the deal to sell offensive cyber company Paragon to US investment fund AE, reported earlier this week, did not receive ministry approval.
The report says that until now the deal has been discussed only in general terms, but the Ministry of Defense has not yet received an official application for consideration of the deal.
The company, whose largest private investors include former Unit 8200 commander Ehud Schneurson (10%) and former Prime Minister Ehud Barak (3.5%), was sold for $500 million, with an option to increase the amount to $900 million, according to media reports. At the same time, it was reported that the deal had received regulatory approval in Israel and the United States.
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