Printed from http://www.electronista.com

BlackBerry forms committee to explore strategic options, possible sale

updated 10:20 am EDT, Mon August 12, 2013

New committee to look at possible partnerships, other transactions

The BlackBerry board has opened the company itself up to being acquired, as rumored late last week. The phone manufacturer has formed a "Special Committee" that will "explore strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment," according to a statement released by the company.

The board of the troubled smartphone producer apparently had a "change of tone" following its last quarter's results, which led to the creation of the committee. The new team will be checking into a number of alternative strategies that the business can take, including "possible joint ventures, strategic partnerships or alliances, a sale of the company, or other transactions."

Though it has suggested a possible sale to another company or a financing group, among other options, BlackBerry could also opt to continue without adopting any strategies recommended by the committee, though this is unlikely. It is still in the process of restructuring itself, having let go 5,000 employees last financial year and 250 in the current year alone, as well as releasing BlackBerry 10 OS smartphones, though this has seemingly done little to help the company so far.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Neurio Intelligent Home Monitor

The recently released Neurio Intelligent Home Monitor is a piece of hardware that, when integrated into a home's breaker box, monitors ...

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Advertisement

toggle

Most Commented

 
toggle

Popular News