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Report: Verint in talks to merge security unit with Israel's NSO Group

Verint Systems Inc. is in talks to combine its security unit with Israeli cyber surveillance company NSO Group, a source close to the negotiations told Reuters.

The deal is expected to be signed in the coming days, the source said.

Under the deal, reportedly worth about $1 billion, NSO would become a new division within the U.S.-based software company, but will continue to operate independently, the source added.

The transaction, if completed, would create one of the world's biggest cyber companies, according to the report.