NSO Group, the blacklisted Israeli company that makes Pegasus spyware, has been deemed “valueless” to its private equity backers - who bought it at a $1bn valuation three years ago
@FT scoop -> on.ft.com/3jnzfov
@FT scoop -> on.ft.com/3jnzfov
NSO revealed in December that it had received no new customer bookings for its Pegasus spyware since @FbdnStories published #PegasusProject in July, according to a claim in court filings
The assessment that NSO’s equity is worthless is a blow to major investors - from Abu Dhabi’s Mubadala, to the pension fund of British Gas’ parent company Centrica, to UK and US public pension funds - who ploughed money into the private equity fund that bought it
Even more turbulence today
A US consultancy firm tasked by NSO's private equity owners with overseeing the company now risks being ousted from the role, after a London court ruling
ft.com/content/725609…
A US consultancy firm tasked by NSO's private equity owners with overseeing the company now risks being ousted from the role, after a London court ruling
ft.com/content/725609…
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