BlackBerry to buy cybersecurity firm Cylance for $1.4 billion
Besides the cash component, the deal includes the assumption of Cylance’s unvested employee incentives, BlackBerry said.
California-based Cylance develops AI-based products to prevent cyberattacks on companies and recently considered filing for an IPO.
BlackBerry, which dominated the smartphone market a decade ago, has shifted to selling software to manage mobile devices in addition to focusing on emerging areas like autonomous cars.
Cylance will operate as a separate business unit within BlackBerry, the company said. ■