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BlackBerry to buy cybersecurity firm Cylance for $1.4 billion

Friday, November 16, 2018, 7:48 PM

BlackBerry said on Friday it will acquire Cylance, an artificial intelligence and cybersecurity company, for $1.4 billion in cash to help expand its QNX unit which makes software for next-generation autonomous cars. Besides the cash component, the deal includes the assumption of Cylance's unvested employee incentives, BlackBerry said. Cylance will operate as a separate business unit within BlackBerry, the company said.