BlackBerry to buy cybersecurity firm Cylance for US$1.4 billion

BlackBerry to buy cybersecurity firm Cylance for US$1.4 billion

FILE PHOTO: A sign is displayed on the building Blackberry's offices in Waterloo, Ontario, Canada, May 29, 2018. REUTERS/Mark Blinch
REUTERS: Canadian software maker BlackBerry Ltd said on Friday it will acquire Cylance, an artificial intelligence and cybersecurity company, for US$1.4 billion in cash.Besides the cash component, the deal includes the assumption of Cylance's unvested employee incentives, BlackBerry said.
Cylance will operate as a separate business unit within BlackBerry, the company said.(Reporting by Bhargav Acharya in Bengaluru)
Source: Reuters
 Source : https://www.channelnewsasia.com/news/business/blackberry-to-buy-cybersecurity-firm-cylance-for-us-1-4-billion-10938538