BlackBerry sells Cylance endpoint security to Arctic Wolf for $160M cash and 5.5M shares

BLACKBERRY Ltd

Arctic Wolf acquires BlackBerry’s Cylance endpoint security assets for $160M cash (subject to adjustments) plus 5.5M Arctic Wolf shares.
BlackBerry to receive ~$80M cash at closing and ~$40M cash one year later; deal expected to close in BlackBerry’s Q4 fiscal quarter.
BlackBerry will enter into patent license, reseller, and customer support agreements with Arctic Wolf; Secure Communications business unaffected.
Cylance is an AI-based endpoint protection platform; Arctic Wolf to integrate into its Aurora platform for unified security operations.

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