this post was submitted on 16 Dec 2024
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Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million — a significant discount from the $1.4 billion BlackBerry paid to acquire the startup in 2018. Read (flipboard.social)
submitted 1 week ago by TechDesk@flipboard.social to c/cybersecurity@fedia.io
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Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million — a significant discount from the $1.4 billion BlackBerry paid to acquire the startup in 2018. Read more at @Techcrunch. #BlackBerry #Cylance #CyberSecurity #Tech #Technology https://flip.it/82oI4A

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[–] givesomefucks@lemmy.world 1 points 1 week ago

I knew valuations were bullshit, but Silicon Valley from HBO does a really good job of illustrating just how made up the whole thing is, and how it's mainly driven by fear a rival will pay more than the worth of a company.