“Smartphone maker BlackBerry Inc. is ‘open’ to going private, according to Reuters,” Dan Primack writes for Fortune. “How delightful. In related news, my toddler is ‘open’ to getting a pony for her next birthday.”
“There are arguments that companies like Apple or Microsoft may want select piece[s] of BlackBerry — such as its secured network assets or patents — but being amenable to a take-private buyout is much different than enabling a strip sale,” Primack writes. “So back to the buyout talk. Or lack thereof, since companies only leak such ‘openness’ if no one is actively beating down their door.”
Primack writes, “Today’s BlackBerry is to companies like Apple and Samsung what Palm used to be to BlackBerry. That is to say it has become passé among consumers, seemingly regardless of product quality. Private equity firms are good at changing up management, massaging finances and growing sales of already-popular products. But not really at massive brand resuscitations.”
Read more in the full article here.
MacDailyNews Take: DCW with malaise on top.
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