BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018
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BlackBerry has sold its cybersecurity business, Cylance, to Arctic Wolf for $160 million, a significant loss from the $1.4 billion it paid in 2018.
December 16, 2024 | 4:00 pm
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BlackBerry has sold its cybersecurity unit, Cylance, to Arctic Wolf for $160 million, a significant loss from the $1.4 billion acquisition cost in 2018.
The sale of Cylance at a significant loss indicates potential financial strain or strategic missteps by BlackBerry. This could negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100