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Archive for the ‘blackberry buyout’ tag

BlackBerry stocks surge as rumours of going private cause hype

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Struggling smartphone maker, BlackBerry, has been the subject of a lot of controversy as of late after doubts have been cast over the company’s comeback efforts in the form of BlackBerry 10 and its position on tablets after its PlayBook failed to make an impression on the market. Rumours of a sale has been circulating for several months, but according to new information, BlackBerry may be looking to go private.

It looks like BlackBerry is trying to take a stab out of Dell’s playbook, not only is the company’s leadership team open to the idea of possibly taking the company private, they have discussed the matter with Silverlake Partners. According to Reuters’ sources, whom are apparently involved with the talks, BlackBerry has proposed to team up with Silverlake in order to take on enterprise computing, a move likely to receive a liquid investment which they would be able to spend on restructuring, which has been a popular topic within the company as of late after several executives were seen departing from the company over the last few months.

BlackBerry may not be in firm discussions about going private or even been acquired, but the stock market has reacted quite positively to the rumours with the company’s share price jumping over 10% in pre-market trading at the time of writing.

Written by Dion Guillaume

August 9th, 2013 at 11:30 am