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All Posts Tagged Tag: ‘blackberry sale’

BlackBerry Buyout Fails, Thorsten Heins Ousted

Today BlackBerry announced that the proposed $4.7 billion buyout for the company has fallen through. Today was the final day that a consortium of interested buyers led by Fairfax Financial Holdings Limited had for due dilligence. The consortium has been unable to raise the cash for the proposed sale, and instead will be investing $1 billion in BlackBerry through a …

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BlackBerry Patent Portfolio Could Draw Interest

Back in August, following another dismal quarterly report, BlackBerry announced that it was exploring “strategic alternatives” – including the possible sale of the company. Earlier this week that possibility became a reality, with a consortium led by FairFax Financial offering $4.7 billion for the Canadian company. The buyout seemed to have been announced early, with FairFax still having six weeks …

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BlackBerry Buyout Announced For $4.7 Billion

Last month, following yet another disappointing quarterly report, BlackBerry announced that it had formed a committee to consider “strategic alternatives.” Among these alternatives was the option of selling the entire company. BlackBerry today announced that this possibility has become a reality. BlackBerry today announced that it has been bought for $4.7 billion by an investment consortium. The consortium is led …

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BlackBerry Could Be Sold Off in Pieces

Earlier this week, BlackBerry announced that the company was exploring “strategic alternatives.” Though the company stated it will be exploring possible joint ventures or strategic partnerships, it also expressed a willingness to take offers for the business itself. The announcement confirmed what analysts and industry watchers had known for some time – that BlackBerry’s decision to double-down on high-end BlackBerry …

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BlackBerry Explores “Strategic Alternatives,” Including Company Sale

2013 was supposed to be a big comeback year for BlackBerry. The company released its new BlackBerry 10 smartphones in January – its big push to stay relevant in the high-end smartphone market. Despite a name change and rebranding effort, those devices have not sold well enough to turn the company around. BlackBerry financial results this year have been dismal, …

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