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Pegasus Spyware Maker NSO Group Throws Cash at New Ventures to Survive

  • Israeli firm spent heavily to fund drones, big-data ventures
  • New businesses are key component of deal talks with U.S. funds
NSO Group offices in Sapir, Israel.

NSO Group offices in Sapir, Israel.

Photographer: Amir Levy/Getty Images

Israeli spyware firm NSO Group burned through most of its cash this year in a desperate bid to move past the scandal surrounding its phone-hacking tool Pegasus, according to a person with knowledge of the matter and private financial documents seen by Bloomberg News.

NSO has been spending heavily to build up drone-monitoring technology and a big-data analytics platform that executives are pitching as key assets in discussions with two U.S.-based funds that have expressed interest in acquiring the company, according to the person, who asked not to be identified because the talks are private.