BlackBerry axes plan to separate IoT business

BlackBerry has scrapped its plan to split into two independent companies, including pursuing an initial public offering (IPO) for its IoT business unit. Instead, the Canadian tech giant has chosen to reorganise itself into two distinct internal divisions: one focusing on its cybersecurity strength, and the second on the IoT.

The decision comes after the completion of Project Imperium, a comprehensive review initiated by BlackBerry to chart a course for sustained growth and...