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BlackBerry Likely to Be Carved Up

Sep 14, 2013, 12:07 PM by Eric M. Zeman

Private investors are eyeing BlackBerry and its assets, but not the entire company, reports Reuters. Several equity firms have signed non-disclosure agreements with BlackBerry in recent weeks to explore acquisition possibilities, though Reuters' sources say it is likely the company will be broken up and sold in pieces. Private equity firms are looking at BlackBerry's operating system and the patents surrounding its keyboards, in particular. One of BlackBerry's largest investors, Fairfax Financial Holdings, has met with other financial firms in hopes of finding a way to take the entire company private, but it holds only about 10% of the firm. Reuters says the sales process is expected to begin within a few weeks. BlackBerry announced last month its intent to "explore strategic options" after its BlackBerry 10 operating system and handset failed to generate interest among consumers.

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This forum is closed.

Rusty Shackleford

Sep 16, 2013, 2:49 PM

Kinda sad

I'm not a Blackberry fan, but I find this to be a bit sad. RIM definitely had a lot wrong with it (overly cumbersome UI being one of the most frustrating), but with their latest generation of smartphones they seemed to have finally show they got it but got it too late.

RIM got arrogant with their position and blew off the iPhone as a childish passing fad when it reality the SOFTWARE CONTENT is what ultimately determines if something is business or pleasure. Ease of use is a completely different thing, but RIM didn't see it that way. Ultimately the market showed that people don't want to go through a cumbersome UI in order to operate a phone. It is a shame that RIM figured this out way too late. Now we are stuck with Google (untrust...
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T Bone

The problem for RIM is the market for smartphones changed, smartphones used to be a tool used by adults at their jobs to get work done. The iPhone changed it so that smartphones are now toys for children to play with. They continued to make serious...
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DarkStar

How is google untrustworthy? How is Apple smug & elitist. And how is Microsoft not reliable. Have you ever even used a Windows Phone 8?

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WhySoBluePandaBear

Sep 16, 2013, 12:07 PM

They dug their own grave

For all those capitalism lovers out there, you should love the fact that Blackberry is going away - as it's the free market that is deciding their fate - and keeping it real, Blackberry as a company is the reason why they're failing - due to lack of innovation or keeping up with the competition. They were king for the longest time, and choose to ignore their competitors - they doubled down and lost the race.

It really kind of is all their fault. So don't be sad. 😁

phonetekmek

Thats like saying since grandma smoked, don't be sad when she dies from cancer.

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Jonathanlc2005

Sep 15, 2013, 9:03 PM

google should buy it

enough said

Jayshmay

This is sad. We should have a Phone Scoop funeral for BlackBerry, just like we did for Steve Jobs..

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