After recently launching its BlackBerry 10 operating system and with a new flagship smartphone rumoured to be launching soon. Blackberry has today announced that it has halted trading in its shares to announce that it is looking for a buyer or a ‘strategic alternatives’.
It was rumoured last week that Blackberry may take the company private and now a committee chaired by Timothy Dattels and including CEO Thorsten Heins, along with Barbara Stymiest, Thorsten Heins, Richard Lynch and Bert Nordberg, has been formed to consider alternative avenues for the company.
Blackberry’s Timothy Dattel explained in a statement today:
“During the past year, management and the Board have been focused on launching the BlackBerry 10 platform and BES 10, establishing a strong financial position, and evaluating the best approach to delivering long-term value for customers and shareholders,”-“Given the importance and strength of our technology, and the evolving industry and competitive landscape, we believe that now is the right time to explore strategic alternatives.”
Blackberry has seen its shares fall by a massive 38 percent over the last 6 months, after reporting that it has only sold 2.7 million BB10 devices. As soon as information comes to light we will keep you updated as always , however Blackberry has said:
“There can be no assurance that this exploration process will result in any transaction. The Company does not currently intend to disclose further developments with respect to this process, unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives,”
Source: Tech Crunch