Insiders explain why BlackBerry’s $1.4 billion acquisition of Cylance could be the last endpoint security deal of its size (BB)
|11/17/2018||Posted by BusinessMediaguide.Com under General World News||
- BlackBerry’s $1.4 billion Cylance acquisition, announced on Friday, came after tough negotiations, sources told Business Insider.
- Cylance was weighing an initial public offering and had its heart set on a higher valuation, but BlackBerry CEO John Chen was committed to spending less, sources said.
- But not everyone thinks Cylance would have thrived on the public markets.
- Cybersecurity investor Yoav Leitesdorf said he thinks endpoint security is a dead-end, and Cylance may have crumbled against the competition if it was a standalone company. And it may still under BlackBerry.