BlackBerry confirms it's looking for 'strategic alternatives'


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BlackBerry confirms it's looking for 'strategic alternatives' such as sale or going private

 

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Remember the rumor that BlackBerry was planning to take itself private? Just a few days later and the company has confirmed that some very fundamental discussions are indeed taking place. In a press release, the Canadian smartphone maker revealed that a committee has been formed to look for "strategic alternatives" to push BlackBerry 10, which could involve a merger, selling the company or taking BlackBerry private. Naturally, there's no indication that anything will actually change at the beleaguered company, but at least we know Thorsten Heins is actively pursuing new options.

 

 

http://www.engadget.com/2013/08/12/blackberry-private/

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Someone tell Steve Ballmer to call Thorsten Heins and make an offer Blackberry can't refuse.

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Now that BlackBerry has announced that it?s exploring alternative strategies that include selling off the company, talk among financial analysts has naturally turned to what firm would potentially buy the troubled device manufacturer. Per Barron?s, Canaccord Genuity analyst Mike Walkley thinks that BlackBerry?s options may be limited because no company will buy it at its current market cap.
 
?We struggle to identify potential buyers that would pay a premium to the current share price,? Walkley writes while reiterating a Sell rating on BlackBerry shares.
 
Nomura analyst Stuart Jeffrey, meanwhile, thinks that BlackBerry is unlikely to find a partner that will license its BlackBerry 10 operating system while noting that ?the fact that the press release ends with a comment warning that a transaction may not happen suggests to us that the focus is on selling the company or taking it private.?
 
BlackBerry shares shot up by more than 6% after the company?s announcement Monday morning.

 

 

 
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