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BlackBerry to separate IoT and cybersecurity businesses, plans IPO

BlackBerry to separate IoT and cybersecurity businesses, plans IPO
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BlackBerry to separate IoT and cybersecurity businesses, plans IPO, ET Telecom

"Both the IoT and Cyber businesses . address large and growing market opportunities. This new proposed structure will further increase both their operational agility and ability to focus on delivering exceptional solutions," said BlackBerry CEO John Chen.

BlackBerry to separate IoT and cybersecurity businesses, plans IPO

BlackBerry joins a number of companies that have split their units in recent years, favoring a leaner corporate structure to help investors better evaluate their separate businesses. Earlier this week, the packaged food giant formerly known as Kellogg Co completed its spinoff.

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