BlackBerry Likely to Be Split Up

Posted: September 15, 2013 in Uncategorized
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Private investors are eying 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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