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New Deal


Announced

BlackBerry acquired Cylance from PE funds for $1.4bn

Financials

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Transaction Value£1,088m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

antiviruses

Friendly

artificial intelligence software

United States

Pending

Private

Disposal

Private Equity

Single Bidder

Synopsis

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BlackBerry Limited has entered into a definitive agreement to acquire Cylance, an artificial intelligence and cybersecurity leader, for $1.4bn. “Cylance’s leadership in artificial intelligence and cybersecurity will immediately complement our entire portfolio, UEM and QNX in particular. We believe adding Cylance’s capabilities to our trusted advantages in privacy, secure mobility, and embedded systems will make BlackBerry Spark indispensable to realizing the Enterprise of Things.” John Chen, BlackBerry Executive Chairman and CEO.

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