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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
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