V-Tech Posted August 12, 2013 Share Posted August 12, 2013 BlackBerry confirms it's looking for 'strategic alternatives' such as sale or going private 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/ Link to comment Share on other sites More sharing options...
firey Posted August 12, 2013 Share Posted August 12, 2013 I want them to release BB10 or at least the Android Runtime in BB10 for playbook :( Charisma 1 Share Link to comment Share on other sites More sharing options...
Draconian Guppy Posted August 12, 2013 Share Posted August 12, 2013 Hurry up and release BBM for multiplatform, THEN release phobes with Windows Phone and android :P Link to comment Share on other sites More sharing options...
+Frank B. Subscriber² Posted August 12, 2013 Subscriber² Share Posted August 12, 2013 Someone tell Steve Ballmer to call Thorsten Heins and make an offer Blackberry can't refuse. Link to comment Share on other sites More sharing options...
V-Tech Posted August 12, 2013 Author Share Posted August 12, 2013 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. http://bgr.com/2013/08/12/blackberry-company-sale-analysis/ Link to comment Share on other sites More sharing options...
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