BlackBerry may be for sale shortly, is seeking partnerships
13 Aug 2013
BlackBerry has experienced a hard few quarters and has been hemorrhaging its share in the market, therefore its Board of Directors has made a panel to determine how to proceed after that. In between the feasible solutions are putting up the company for sale, getting into a joint , strategic relationships or perhaps another solution.
The panel is actually chaired by Timothy Dattels and also President and CEO Thorsten Heins, Bert Nordberg (of Sony Mobile), amongst others. JP Morgan Securities is serving as financial advisor.
The news release clearly says that the panel might perform almost nothing in case this is found to be on the company's benefit and there will not be anymore information revealed regarding the process.
Prem Watsa, CEO of Fairfax Financial which is BlackBerry's major contributor declared that he'll abandon from BlackBerry's Board of directors because of possible discord of benefit however he is constantly on the assist the company and Fairfax has no purpose of selling its own shares.
Trading of BlackBerry shares generally has been stopped for now.