Paragon heads for Nasdaq, Bluevine sells for $340 million, and OpenWeb files for insolvency
Spyware maker Paragon agrees a SPAC merger at a $1.25 billion valuation while its CEO plans a new startup, Valley National buys Bluevine, OpenWeb seeks court protection, and Wix's Base44 takes on Claude Code and Cursor.
Paragon, the spyware maker founded by former 8200 commanders, agrees a SPAC merger at a $1.25 billion valuation - Paragon and its US sister company REDLattice will merge with Nasdaq-listed Bold Eagle, with $335 million of committed capital. Paragon brings over $200 million of the combined $267 million in revenue.
Sources: Globes, CTech, Reuters, The Business Journals…
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