BlackBerry to Separate Cybersecurity, IoT Businesses In 2024

Subsidiary IPO Will Split High-Growth IoT Unit From Low-Growth Cybersecurity Unit
BlackBerry will split its $418 million cybersecurity business and $206 million IoT business into separate, independently-operated entities following a strategic review that lasted five months. The split will help shareholders clearly evaluate the performance and future potential of each business.

blackberry business businesses cybersecurity cybersecurity business entities future growth high iot ipo low performance review shareholders strategic