BlackBerry reportedly in talks to acquire Cylance

By on
BlackBerry reportedly in talks to acquire Cylance

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

Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register

Poll

Will the 457 visa replacement get you hiring from overseas?
Yes - We've been waiting for this
Yes - It'll become part of our recruitment mix
No - We prefer to hire locally
No - We're not eligible to use the new scheme
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?