BlackBerry’s $1.4 Billion Blunder: Sells Cylance to Arctic Wolf for a Fraction!
Arctic Wolf has howled into action, acquiring BlackBerry’s Cylance endpoint security for a whopping $160 million. Once a billion-dollar buy, Cylance now finds a new den. Arctic Wolf plans to supercharge its platform, hoping to send cyber threats packing with a little AI flair. Talk about an endpoint security whirlwind!
Hot Take:
Well, it seems BlackBerry’s Cylance is taking a trip to the Arctic! BlackBerry’s latest move to sell its Cylance assets to Arctic Wolf for a frosty $160 million is like selling your vintage car for the price of a hot dog. A sizzling deal for Arctic Wolf, but for BlackBerry? Let’s just say it’s more of a chilly reception.
Key Points:
- Arctic Wolf acquires Cylance endpoint security from BlackBerry for $160 million in cash and 5.5 million shares.
- BlackBerry originally bought Cylance in 2018 for $1.4 billion – talk about depreciation!
- The deal is expected to close in BlackBerry’s fourth fiscal quarter.
- Arctic Wolf plans to integrate Cylance into its open-XDR Aurora platform for enhanced security operations.
- BlackBerry will retain its Secure Communications offerings, unaffected by the sale.
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