The end of BlackBerry as we know it
With a history of almost 15 years and over 200 million smartphones sold, BlackBerry is one of the four major smartphone brands. Unfortunately, we're all going through some pretty rough times and BlackBerry Limited seems to have its own problems. The solution to these problems could be pretty radical, going as far as selling the company.
The press release that became public earlier today still leaves room for hope, but also makes it clear - the BlackBerry that we know may disappear from the market pretty soon. The Company's Board of Directors formed a Special Committee that started "to explore strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment". According to the same document, these alternatives "could include" alliances, strategic partnerships, joint ventures, "a sale of the Company or other possible transactions".
More than the above, Prem Watsa, Chairman and CEO of Fairfax Financial, the largest BackBerry shareholder, decided to resign "due to potential conflicts that may arise during the process". Unfortunately, the whole press release (available below) doesn't say much, so we can only hope to see BlackBerry finding a way to survive.
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