BlackBerry announces agreement to acquire Cylance for $1.4B
(CrackBerry.com)

Following earlier rumors of the plans, BlackBerry has now announced they have entered into an agreement to acquire Cylance for US $1.4 billion in cash plus unvested employee incentive awards. Following earlier rumors of the plans, BlackBerry has now announced they have entered into an agreement to acquire Cylance for US $1.4 billion in cash plus unvested employee incentive awards. `Cylance's leadership in artificial intelligence and cybersecurity will immediately complement our entire portfolio, UEM, and QNX in particular. We are very excited to onboard their team and leverage our newly combined expertise,` said John Chen, Executive Chairman and CEO of BlackBerry. `We believe adding Cylance's capabilities to our trusted advantages in privacy, secure mobility, and embedded systems will make BlackBerry Spark indispensable to realizing the Enterprise of Things.` The deal, pending approval, is expected to close before to the end of BlackBerry's current fiscal year in February 2019. ...