Monday, August 12, 2013

BlackBerry To Explore Selling Off The Company

BlackBerry is looking to try something new. The company on Monday announced that it’s forming a committee to explore “strategic alternatives” that “could include, among others, possible joint ventures, strategic partnerships or alliances, a sale of the company or other possible transactions.” BlackBerry is emphasizing that “there can be no assurance that this exploration process will result in any transaction” and that it “does not currently intend to disclose further developments with respect to this process, unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives.” Given that we’ve heard reports about BlackBerry going private over the past few days, it’s not surprising that the company trying to explore as many new strategies as it can to keep itself afloat. BlackBerry shares were up more than 6% on the news.

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