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BlackBerry selling Cylance AI cybersecurity business to Artic Wolf
BlackBerry Ltd. has signed a deal to sell its Cylance security business to Arctic Wolf.
Under the deal, Arctic Wolf will pay US$160 million of cash, subject to certain adjustments, and approximately 5.5 million common shares of Arctic Wolf, which is a privately held security software and services company.
BlackBerry acquired Cylance in February 2019 in a US$1.4-billion deal
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