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Airbus confirms offer worth up to €1.8bn for Atos cyber security unit

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Airbus confirms offer worth up to €1.8bn for Atos cyber security unit

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Airbus is working on an offer worth up to €1.8bn for Atos’s prized big data and cyber security unit, as the French IT services company seeks to restructure and cut its debt load.

Atos announced on Wednesday that it had opened a due diligence process with the aerospace and defence company, confirming earlier reports from the Financial Times. An offer would place an enterprise value of between €1.5bn and €1.8bn on BDS, the French group’s big data and security unit, it said.

Atos’s negotiations to sell BDS mark a change in strategic direction under recently appointed chair Jean Pierre Mustier, as he works to find a solution to how the company deals with €2.25bn in debt that matures by 2025.  

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Atos shares rose as much as 8 per cent on Wednesday morning, but have slumped by 90 per cent in the past three years to a market value of €850mn. Standard & Poor’s downgraded the company’s credit rating in November citing increased liquidity risks.

Airbus has made no secret of its ambitions to expand its cyber activities. Airbus chief executive Guillaume Faury told the FT in November that the Toulouse-based company wanted to “grow in cyber”. 

Airbus said it had submitted a non-binding proposal to buy the unit. The acquisition could “significantly accelerate” its “digital transformation . . .[and] enhance the company’s defence and security portfolio with strong capabilities in cyber, advanced computing and artificial intelligence”, it said. 

The talks between Atos and Airbus for BDS are not exclusive, people familiar with the matter said. Atos said on Wednesday that it had received two expressions of interest for BDS, one of which concerned only part of the division, without disclosing the name of the other party.

French defence electronics group Thales, which has jet-fighter maker Dassault Aviation as its biggest shareholder, has been interested in BDS in the past as part of its effort to expand its cyber security business.

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Thales has been considering its options in recent weeks, one person briefed on the situation said. Thales did not respond to a request for comment. 

Airbus had been in talks last year to buy a minority stake in Atos’s Evidian division, which contains BDS and the French company’s cloud computing business. However, it pulled out after hedge fund manager Chris Hohn, whose fund TCI is one of the plane maker’s largest shareholders, objected to the plan.

At the time, people close to Airbus said it withdrew because it decided that buying a roughly 30 per cent stake would have been costly while not giving it much say over how Evidian was run.

Mustier’s predecessor as Atos chair, Bertrand Meunier, had resisted selling off parts of Atos to pay down debt, instead prioritising a plan to split the company into two.

He reached an agreement on selling Atos’s lossmaking legacy IT services business Tech Foundations to Czech billionaire Daniel Křetínský. The rest of Atos, using the name Evidian, would have remained listed, with Křetínský anchoring a €900mn capital raise that would have given him a 7.5 per cent stake. 

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However, many shareholders opposed the terms of the deal with Křetínský, arguing he was paying too little for Tech Foundations. Some politicians also objected to the idea of a foreign shareholder owning part of Evidian, which has technology that is used in France’s nuclear weapons arsenal. 

Under Mustier’s leadership, Atos is now renegotiating the terms of the agreement with Křetínský.

Atos indicated on Wednesday that the renegotiations were taking longer than expected, and were not guaranteed to end in an agreement. It also said the scale of the capital raise in Evidian would be reduced as it examined the “legal and financial conditions under which [Křetínský] could be released, in whole or in part, from its commitment to participate”.

Atos chief financial officer Paul Saleh said on Wednesday that talks with Křetínský were taking “a bit longer than expected”, and centred around the price and the structure of the operation, as well as the transfer of the liabilities attached to Tech Foundations.

People close to Křetínský have said talks would focus on him not being part of the Evidian leg of the deal. “This is a discussion we are happy to have and all the players are all more or less aligned on that,” said a person close to the Czech businessman. 

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Atos confirmed it was in talks with its banks to refinance its debt, including through asset sales of which BDS would be a part. The company was weighing selling assets “well beyond the €400mn mentioned in the press release of July 28 2023, in order to honour its financing obligations”, it said.

It added that if the transaction with Křetínský fell through, it would consider additional sales.

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Man arrested in plot to firebomb Palestinian activist’s home after undercover op

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Man arrested in plot to firebomb Palestinian activist’s home after undercover op

Police detain Nerdeen Kiswani, an organizer of pro-Palestinian demonstration group “Within Our Lifetime” during a protest on Friday, April 12, 2024, in New York.

Yuki Iwamura/AP


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Yuki Iwamura/AP

NEW YORK — A man accused of planning to firebomb the home of a prominent Palestinian activist has been arrested following a weekslong undercover operation led by the New York City Police Department, officials said Friday.

The target of the plot was Nerdeen Kiswani, who frequently leads protests in New York against Israel and the war in Gaza through the organization Within Our Lifetime.

Kiswani, 31, said law enforcement officials informed her late Thursday that they had disrupted “a threat on my life that was about to take place.”

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Federal authorities said they arrested Alexander Heifler on Thursday at his home in Hoboken, New Jersey, as he was assembling Molotov cocktails that he planned to throw at Kiswani’s home. For weeks, he had discussed the plot with an undercover NYPD detective who had infiltrated a group chat used by Heifler, according to a police department spokesperson.

An official who was briefed on the investigation said Heifler, 26, identified as a member of the JDL 613 Brotherhood, a New Jersey-based group founded in 2024 that describes its membership as “Jewish warriors” fighting back against rising antisemitism.

A website for the group says they are inspired by the original Jewish Defense League, a group linked to numerous bombings and attempted assassinations of Arab American political activists in the 1970s and 1980s.

Heifler planned to flee to Israel following the attack, according to the official, who requested anonymity because they were not authorized to discuss the details of an ongoing investigation.

An email inquiry sent to the JDL 613 was not returned.

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Kiswani, who lives in Brooklyn with her infant son and husband, said the plot would not deter her continued activism.

“I feel very blessed that they were able to thwart this, but it’s something that is a constant possibility for people who speak up on behalf of Palestine,” she said.

Heifler was charged in a criminal complaint with separate counts of making and possessing destructive devices, which each carry a maximum penalty of 10 years in prison. A message left with his attorney was not returned. He made an initial appearance in New Jersey federal court on Friday afternoon.

“Let me be clear: We will not tolerate violent extremism in our city,” New York City Mayor Zohran Mamdani said in a statement. “No one should face violence for their political beliefs or their advocacy. I am relieved that Nerdeen is safe.”

According to a court filing written by an FBI agent, Heifler spoke on a video call in February with a group that included an undercover detective about his interest in training for “self-defense” and wanting space where he could throw Molotov cocktails.

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The next day, he met with the undercover detective in person and discussed his plan to use them against Kiswani and flee the country, according to the complaint. “We have (Kiswani’s) address,” Heifler allegedly told the undercover. “So it’s like that, that would be easier if you’d be more comfortable with that.”

Heifler and the undercover detective drove to Kiswani’s residence on March 4 to “conduct surveillance” and discussed making a dozen Molotov cocktails to throw at her home and two cars parked outside, complaint said.

On Thursday, the undercover detective and Heifler met at Heifler’s Hoboken residence, where he had assembled components to make the Molotov cocktails, including a large bottle of Everclear, a highly flammable alcohol, the complaint said. Law enforcement officers then executed a search warrant at the residence and recovered the eight Molotov cocktails, the complaint said.

Kiswani co-founded the group Within Our Lifetime, which frequently organizes protests against Israel that draw hundreds of participants and often end in arrests. The group’s calls to “abolish Zionism” and support for “all forms of struggle,” including violence, has drawn fierce criticism. Kiswani denies that her criticism of Israel amounts to antisemitism.

Kiswani has been a frequent target of online vitriol. Earlier this year, U.S. Rep. Randy Fine, a Florida Republican, sparked backlash after writing in a social media post that “the choice between dogs and Muslims is not a difficult one.” The post was a response to a message Kiswani shared about dog owners, which she said was a light joke.

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“That hate against Palestinians has been bolstered by public officials, by Zionist organizations, who are never held accountable,” she said. “This is the inevitable result of that.”

The operation was carried out by the Racially and Ethnically Motivated Extremism unit within the NYPD’s counterterrorism bureau, a police spokesperson said.

“This is exactly how our intelligence and counterterrorism operation is designed to work — a sophisticated apparatus built to detect danger early and prevent violence before it reaches our streets,” Police Commissioner Jessica Tisch said.

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Iran-linked hackers have breached FBI Director Kash Patel’s personal emails | CNN Politics

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Iran-linked hackers have breached FBI Director Kash Patel’s personal emails | CNN Politics

Hackers connected to the Iranian government accessed FBI Director Kash Patel’s personal email and posted materials — including photos and documents — taken from his account, a person familiar with the breach confirmed to CNN.

The hackers have published a series of photos of Patel from before he became FBI director that they claim were stolen from his personal email account. A source familiar with the incident confirmed the images’ authenticity.

The stolen emails appear to date from around 2011 to 2022 and appear to include personal, business and travel correspondence that Patel had with various contacts, according to a preliminary CNN review of the files with the help of an independent cybersecurity researcher.

What the hacking group is calling a breach of “impenetrable” FBI systems is in reality something much more mundane — a breach of things like family photos and details on Patel’s previous search for an apartment, said the researcher, Ron Fabela.

“This isn’t an FBI compromise — it’s someone’s personal junk drawer,” he said.

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Reuters first reported the breach of Patel’s email on Friday.

The FBI has confirmed the breach and said no government information was obtained. The FBI is offering a $10 million reward for information that leads to the identification for the “Handala Hack Team,” a group the FBI says has frequently targeted US governement officials.

“The FBI is aware of malicious actors targeting Director Patel’s personal email information, and we have taken all necessary steps to mitigate potential risks associated with this activity,” a statement from the FBI said in part. “Consistent with President Trump’s Cyber Strategy for America, the FBI will continue to pursue the actors responsible, support victims, and share actionable intelligence in defense of networks.”

US intelligence officials have repeatedly warned about the possibility of Tehran-linked hackers retaliating for the US and Israeli bombing of Iran that began last month. It is also not the first time Iranian-backed hackers have accessed Patel’s private information.

In late 2024, Patel, just weeks away from being appointed to lead the FBI, was informed by officials that he had been targeted as part of an Iranian hack and some of his personal communications had been accessed.

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The 2024 hack was part of a broader effort by foreign hackers — from China and Iran — to access accounts for incoming Trump officials including now Deputy Attorney General Todd Blanche, former interim US Attorney for the Eastern District of Virginia Lindsey Halligan and Donald Trump Jr.

The Iran-linked hacking group that claimed responsibility for accessing Patel’s emails in this most recent breach was also behind a cyberattack earlier this month that disrupted business operations at a major US medical device maker.

The hackers said then that they were retaliating for a missile strike on an elementary school in Iran, which Iranian state media has claimed killed at least 168 children. The Pentagon has said it is investigating that incident.

The Justice Department has accused the hackers of working for Iran’s Ministry of Intelligence and Security. The department responded to the hack of the medical device company by seizing websites used by the Iran-linked hackers to disrupt their operations. But the Iranian cyber operatives have continued to claim victims and spread propaganda.

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