BlackBerry to separate IoT and Cyber units, plans IoT IPO in H1 FY2025

BLACKBERRY Ltd

Board determined separation of IoT and Cybersecurity into two independently-operated entities.
Planned subsidiary IPO for IoT business targeted for first half of next fiscal year.
Advisors Morgan Stanley and Perella Weinberg Partners supported strategic review.
CEO John Chen says structure will improve operational agility and value creation.

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