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BlackBerry in Acquisition Talks With Popular AV Provider, Cylance

BlackBerry, as part of their strategy to position themselves in the market as an enterprise security provider after they lost in the mobile device market is in talks with Cylance to acquire the popular AV software provider for around $1.5B.  This comes amid industry rumblings of a possible IPO announcement for Cylance which develops AI-based products to help prevent cyberattacks. This proves to be a fairly large deal for the firm especially after accusations that Cylance used fake malware in their AV software tests that only their software could detect. While there is no decision at this point, we could see a large change in Cylance and their available offerings.

 

https://seekingalpha.com/article/4221516-blackberrys-acquisition-cylance-will-dovetail-nicely-unified-endpoint-management 

https://www.reuters.com/article/us-cylance-m-a-blackberry/blackberry-in-talks-to-buy-cybersecurity-company-cylance-business-insider-idUSKCN1NE2GW

https://www.scmagazine.com/home/security-news/cylance-denies-providing-fake-malware-samples/ 

 

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