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Wednesday, 11 September 2013

BlackBerry Seeks a Sale by November

BlackBerry Seeks a Sale by November


BlackBerry Apparently Seeks Sale by November


Just days after Nokia fell into the hands of Microsoft in a multi-billion-dollar deal, another former giant in the mobile phone game, BlackBerry, wants to sell itself off within the next couple of months, the Wall Street Journal reported Wednesday.
The struggling Ontario-based company said just last month it had formed a special committee to look at “strategic alternatives”, citing a possible sale, joint ventures, and strategic partnerships or alliances as possibilities.
The Journal said BlackBerry was hoping to “run a fast auction process that could be wrapped up by November.”
Tipped off by “people familiar with the matter”, the Journal said Thorsten Heins and his team had already held preliminary discussions with a select number of potential bidders – which reportedly may include a number of Asia-based tech companies – about selling off BlackBerry in parts or as a whole.
It’s not certain if any deal or deals will be struck soon, the report said, but BlackBerry’s committee is apparently keen to get the whole thing sorted as soon as possible to end any uncertainty. After all, business users and consumers alike will be reluctant to make any kind of investment in a platform whose future is far from clear.

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