BlackBerry has yet to provide specific details regarding the timeline for the separation or the potential impact on customers. Nevertheless, investors have responded positively to the news. After-hours trading witnessed a roughly 4% increase in BlackBerry’s shares. It’s worth noting that this rise comes after private equity firm Veritas Capital expressed an interest in acquiring the company earlier this year, although BlackBerry’s shares remain down overall.
BlackBerry to Split IoT and Cybersecurity Businesses into Independent Entities
Canadian Tech Icon BlackBerry Pursues Strategic Separation for IoT and Cybersecurity Operations
