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BlackBerry in talks to buy cybersecurity company Cylance - Business Insider

Reuters 

(Reuters) - Ltd is in talks to buy cybersecurity company for as much as $1.5 billion, Business Insider reported on Friday, citing sources familiar with the matter.

Irvine, California-based Cylance develops AI-based products to prevent cyberattacks on companies and recently considered filing for an IPO, according to the report. (https://read.bi/2SYzvM9)

A deal could be announced as soon as next week, Business Insider reported citing sources, who cautioned the deal could still fall apart.

and Cylance did not immediately respond to requests for comment.

(Reporting by S Nair in Bengaluru; Editing by Shounak Dasgupta)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 10 2018. 03:18 IST
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