As of the time of writing, the stock has increased by over 15%, reaching $3.12.
According to Zhito Finance APP, on Monday, BlackBerry (BB.US) stock price rose. As of the time of writing, the stock has increased by over 15%, reaching $3.12. On the news, BlackBerry has agreed to sell its Cylance endpoint security Assets to Arctic Wolf for $0.16 billion cash and approximately 5.5 million shares of Arctic Wolf common stock. The trade structure includes a payment of $80 million in cash at the closing of the deal, with an additional $40 million to be paid a year later. The transaction is expected to be completed in BlackBerry's fourth fiscal quarter.
Cylance, known for its AI endpoint protection, will be integrated into Arctic Wolf's security operations Aurora platform. This acquisition aims to enhance Arctic Wolf's market position by providing comprehensive security protection from the endpoint to the edge by combining Cylance's endpoint security capabilities with existing platforms.