BlackBerry in talks to buy cybersecurity company Cylance - Business Insider

BlackBerry in talks to buy cybersecurity company Cylance - Business Insider

BlackBerry Ltd is in talks to buy cybersecurity company Cylance Inc for as much as US$1.5 billion, Business Insider reported on Friday, citing sources familiar with the matter.

A sign is displayed on the building Blackberry's offices in Waterloo
FILE PHOTO: A sign is displayed on the building Blackberry's offices in Waterloo, Ontario, Canada, May 29, 2018. REUTERS/Mark Blinch

REUTERS: BlackBerry Ltd is in talks to buy cybersecurity company Cylance Inc for as much as US$1.5 billion, Business Insider reported on Friday, citing sources familiar with the matter.

Irvine, California-based Cylance develops AI-based products to prevent cyberattacks on companies and recently considered filing for an IPO, according to the report. (https://read.bi/2SYzvM9)

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 in Bengaluru; Editing by Shounak Dasgupta)

Source: Reuters

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