Back when BlackBerry was sitting around rock bottom before the release of BB10, the Canadian company was considering selling itself off and going private to help turn things around. Since then, it seems that BlackBerry hasn’t seen incredible success, as the company is now considering selling itself once again.
The company announced today that it is currently forming a committee that will be tasked with exploring “strategic alternatives”, that will include everything from selling the company, to joint ventures, to strategic partnerships:
BlackBerry Limited, a world leader in the mobile communications market, today announced that the Company’s Board of Directors has formed a Special Committee to explore strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment. These alternatives could include, among others, possible joint ventures, strategic partnerships or alliances, a sale of the Company or other possible transactions.
BlackBerry notes, however, that a sale of the company is not imminent. It also states that it doesn’t intend to publicly discuss the findings of its committee.
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.
If you’re interested in buying BlackBerry, make sure you let the special committee know.