BlackBerry squashes plan to spin out its IoT biz
ID: 20e0bd1b-d9f6-5cdc-8176-2812e6c18040
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Feed Name: The Register (Security)
BlackBerry abandoned plans to spin off or IPO its IoT unit and will instead form two standalone divisions—IoT and cybersecurity—by streamlining corporate functions for profitability, while appointing John J. Giamatteo as CEO and signaling forthcoming cost-cutting measures.
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