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BlackBerry forms new committee to explore expansion options, possible sale

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BlackBerry seems to be in quite a pickle. The company today announced the formation of a new committee by the company’s board of directors with the aim to look for “strategic alternatives” with regards to the company’s BlackBerry 10 future, a possible sale and maybe even taking the company private.

Last week some rumours lit the internet, and stock market, on fire after stating that BlackBerry was looking at taking the company private. BlackBerry’s stock price jumped several percent thereafter, but no one knew exactly what was going on nor what the company was planning and if the rumours were credible. BlackBerry today announced that their board directors has formed a new committee with the aim “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.”

The rumours seem to be true, whether or not BlackBerry goes private or is sold, they are still going strong and in likelihood the company will team up with some key players in the mobile market to push out new BlackBerry 10 powered devices.

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Written by Dion Guillaume

August 12th, 2013 at 5:47 pm