BlackBerry in talks to buy cybersecurity company Cylance

A deal could be announced as soon as next week.

Update: 2018-11-10 03:53 GMT

BlackBerry hired Kokes in mid-2014 to lead its patent monetization strategy, as the Canadian handset maker turned software company looked to turn a trove of foundational technology patents collected in its heyday into hard cash to help augment its shrunken revenue.

BlackBerry Ltd is in talks to buy cybersecurity company Cylance Inc for as much as $1.5 billion, Business Insider reported on Friday, citing sources familiar with the matter.

Irvine, California-based Cylance develops AI-based products to prevent cyberattacks on companies and recently considered filing for an IPO, according to the report.

A deal could be announced as soon as next week, Business Insider reported citing sources, who cautioned the deal could still fall apart.

BlackBerry and Cylance did not immediately respond to requests for comment.

BlackBerry in talks to buy cybersecurity company Cylance

A deal could be announced as soon as next week.

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