<ul><li>Israeli spyware maker Paragon has been acquired by American private equity giant AE Industrial Partners.</li><li>The deal was reportedly worth $500 million upfront, with a potential total value of up to $900 million.</li><li>Paragon, founded by former Israeli intelligence officers, offers a spyware product called Graphite.</li><li>This acquisition follows a trend of Western investment firms investing in Israeli spyware makers.</li></ul>

Israeli spyware maker Paragon bought by U.S. private equity giant

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