BlackBerry offloads Cylance for a fraction of what it paid in 2019

BlackBerry is selling its AI-based endpoint security unit Cylance to Arctic Wolf for $160 million, receiving $80 million at closing, the remainder next year, and about 5.5 million Arctic Wolf shares. The move aligns with BlackBerry’s shift toward its profitable IoT business after projecting a $51 million loss for Cylance this year; BlackBerry’s stock rose on the news. Both companies’ CEOs framed the deal as enhancing endpoint security capabilities and operational outcomes through integration into Arctic Wolf’s platform.