Wednesday 14 August 2013

BlackBerry might be up 'For Sale' soon

The possible alternatives include, partnership, strategic alliance and sale of the company.

Canadian device and software BlackBerry has had a tough time with devices and things have not been different with the new BlackBerry OS 10, which was believed to be the sailing ship for the company. Now the company is looking out for different options to keep things going and if not then BlackBerry is certainly available for "alternatives that could include, among others, possible joint ventures, strategic partnerships or alliances, a sale of the company or other possible transactions" as mentioned in the press release.

Timothy Dattels, chairman of BlackBerry's special committee of the board said "Given the importance and strength of our technology, and the evolving industry and competitive landscape, we believe that now is the right time to explore strategic alternatives."

Thorsten Heins, president and chief executive officer of BlackBerry said, "As the special committee focuses on exploring alternatives, we will be continuing with our strategy of reducing cost, driving efficiency and accelerating the deployment of BES 10, as well as driving adoption of BlackBerry 10 smartphones, launching the multi-platform BBM social messaging service, and pursuing mobile computing opportunities by leveraging the secure and reliable BlackBerry Global Data Network."

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