BlackBerry Sale Likely to be Wrapped up by November

by Techvibes NewsDesk

Last month Techvibes reported that Blackberry was forming a special committee to “explore strategic alternatives.”

The five-person unit headed up by Timothy Dattels and including Blackberry CEO Thorsten Heins was set to examine potential partnerships or alliances with other companies, possible joint ventures or even a sale of the company.

The news wasn’t entirely surprising. And at the time, Reuters opined "Even if it tried, BlackBerry could find it hard to come up with a buyer and the funding to go private. With the company still posting losses and bleeding subscribers, private equity firms and other buyers may not want to step up."

But details about an eventual sale of BlackBerry are slowly but surely starting to pick up steam.

The Wall Street Journal reported yesterday that members of the BlackBerry's board are aiming to run a fast auction process which could be finalized as early as November. The newspaper goes on to say that BlackBerry has narrowed its list of potential buyers, with the sales process expected to begin soon.

Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only... more

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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