BlackBerry open to privatisation

BlackBerry's board of directors are reportedly open to the idea of privitisation as a way of changing the company's fortunes

 

BlackBerry's struggles over the past couple of years have all played out in the public domain, but that may be about to change.

According to Reuters, both CEO Thorsten Heins and BlackBerry's board of directors are considering taking the company private in order to help turn it around.

The Canadian company has seen its shares fall more than 19 per cent this year, and its overal market value has dropped to $4.6 billion from a peak of $84 billion in 2008.

Despite a positive critical reception, the new BlackBerry Z10 and BlackBerry Q10 handsets haven't been flying off the shelves.

According to a source speaking anonymously with Reuters: "There is a change of tone on the board". However, there is no deal currently on the horizon and BlackBerry hasn't started any kind of push to find a buyer.

If true, it's a shift in attitude from the company, and from Heins in particular, who was positive about the company's progress only a couple of months ago.

He told Bloomberg in April that the launch of the BlackBerry Q10 showed there was still a huge demand for the company's products.

“This is going into the installed base of more than 70 million BlackBerry users, so we have quite some expectations. We expect several tens of million of units,” he said.

BlackBerry, formerly Research in Motion, is looking at other options to stem the tide, including launching BlackBerry Messenger on iOS and Android, laying off R&D staff and examining the possibility of licencing its BlackBerry 10 operating system.

Source: Reuters

Best Android Phones

Samsung Galaxy S2 lifestyle
Best Android Phones to buy

Top rated iPhone alternatives powered by Google's mobile OS

Comments

Be the first to comment…

Back to top
Close
T3 Newsletter
Sign up to recieve the T3 newsletters by entering your details below

Your Details

As you're registering with us. we'd like to think that you'd enjoy receiving the following emails; if you'd rather not receive them, please untick the boxes:

I would like to receive other emails from T3, Future Publishing Limited and it's group companies containing news, special offers and product information
I agree to the terms of use and privacy policy and confirm that I am over 16 years of age *
Close
Log in or Join

By clicking below you agree to our terms and conditions and our privacy policy

Log in to T3.com with your preferred social network

Log in with your T3.com account

CloseJoinPlease complete these additional details

Join T3.com with your preferred social network

OR

Join T3.com

Please tick this box to confirm you are 16 years old or over

Just so we know you're human

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Close Edit your profile

Change your password

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Social networks

You have authorised these social networks to interact with your T3.com account.

Please ensure you deactivate or revoke access to this website from within your social networks settings to ensure all permissions are removed.

Close Forgotten your password

Forgotten your password?

Please enter the email address that you used to sign up and we'll send you a new password

Close
Forgotten password
Don't have a T3 Account? Join now