BlackBerry to purchase Cylance for $1.4 billion

Jamie McKane

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BlackBerry to purchase Cylance for $1.4 billion

BlackBerry Ltd., the former mobile phone giant that’s now focused on producing software, is acquiring cybersecurity company Cylance Inc. for $1.4 billion.

Waterloo, Ontario-based BlackBerry said the acquisition of Cylance would enable it to add artificial intelligence capabilities to its existing software products.

[Bloomberg]
 
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