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10-10-2013, 10:20 AM #1
Bloomberg: BlackBerry Breakup is Possible
Breaking up may be hard to do, but it may be BlackBerry's only viable option to save what's left of this smartphone maker's sinking ship.
According to sources close to the Canadian company, if the recently-reached deal with Fairfax Financial to go private doesn't materialize, BlackBerry may break up.
BlackBerry Ltd. (BB) is more open to a breakup of the company amid concerns that Fairfax Financial Holdings Ltd. may be unable to line up funding or partners for a $4.7 billion buyout, a person with knowledge of the matter said.
"A breakup would let parties bid for BlackBerry’s most valuable pieces, such as its patents or enterprise network," sources tell Bloomberg.
“If you break up the company, you’re going to get more than the company is worth right now,” said Sachin Shah, a strategist in special situations and merger arbitrage. “Breaking it up sounds more appetizing for all involved."
10-10-2013, 10:53 AM #2
Ouch BB! You should have made moves 5 years ago..when you were still somewhat relevant. Looks like its too little too late. Very sad how the once king of mobile communications is pretty much well...dead.
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10-10-2013, 12:34 PM #3
10-10-2013, 12:34 PM #4
Same could happen to Nokia if they insist on putting windows in their devices
10-10-2013, 01:04 PM #5
10-10-2013, 01:35 PM #6
10-10-2013, 01:51 PM #7
To much of a learning curve for me ever to like em. I want to think that email thingy and it having the status of the "It Phone" is what made it so attractive to the business world. Who seriously took a phone that started off as a music player as a real contender. The iphone was like a grass root phenomenon that shot through the stratosphere. I only bought the first one to be different. And everyone that played with it loved it. That's when I knew It was the end for all competition. So long BB. Can't say I'll miss you but can tell ya I knew it was coming years ago.
10-10-2013, 02:28 PM #8
10-10-2013, 02:48 PM #9
Dead and soon be gone. To bad that ignored the competition and now is payback time. BB was sure of their contract with various governments and big corporate and fail to keep up with the quick changes in mobility hardware/software. When they come out of the sleep it was already to late. I never liked BB anyway