BlackBerry is in talks to buy cybersecurity company Cylance for as much as US$1.5 billion, Business Insider reported on Friday, citing sources familiar with the matter.
Cylance develops AI-based products to prevent cyberattacks on companies and recently considered filing for an IPO, according to the report.
A deal could be announced as soon as next week, Business Insider reported citing sources, who cautioned the deal could still fall apart.
BlackBerry and Cylance did not immediately respond to requests for comment.
Reporting by Shanti S Nair. Editing by Shounak Dasgupta