BlackBerry Leadership Considering Going Private

by Reads (2,481)

BlackBerryThere has been no question about it: BlackBerry has been struggling to compete in the handset market. The once-prominent business handset manufacturer has seen its influence plummet dramatically over the last few years, with the company’s market share dropping to a measly 1.1 percent in the second quarter of this year.

It’s evident that something needs to change for the company, and according to a recent report from Reuters, that change for the handset manufacturer could be on its way. BlackBerry, according to the report, is contemplating the idea of going private.

BlackBerry is weighing additional options including licensing its BlackBerry 10 OS platform along with additional partnerships. Reuters‘ source also noted that BlackBerry has entered talks with private equity firm Silver Lake Partners, which is best known for its current work in the pending Dell buyout. The talks supposedly centered around the prospect of teaming up on enterprise computing, but apparently the discussion did not address the prospect of a buyout.

While BlackBerry’s consideration is worth noting, it will likely take the comapny a considerable amount of time to be able to actively pursue this endeavor, and that is if BlackBerry even attempts to go private at all. 

Source: Reuters



All content posted on TechnologyGuide is granted to TechnologyGuide with electronic publishing rights in perpetuity, as all content posted on this site becomes a part of the community.