“BlackBerry Ltd’s board does not believe a break-up of the Canadian smartphone maker is currently in its best interests, even though Microsoft Corp, Apple Inc and Lenovo Group Ltd, among others, have expressed interest in acquiring parts of the company, according to people familiar with the discussions,” Greg Roumeliotis and Euan Rocha report for Reuters. “The board rejected proposals from several technology companies for various BlackBerry assets on grounds that a break-up did not serve the interest of all stakeholders, which include employees, customers and suppliers in addition to shareholders, said the sources, who did not want to be identified as the discussions were confidential.”
“Microsoft and Apple had both expressed interest in BlackBerry’s intellectual property and patents, a source briefed on the matter told Reuters. In 2011, the three companies had teamed up with others to buy patents from bankrupt Canadian telecoms company Nortel.,” Roumeliotis and Rocha report. “BlackBerry had also held discussions with Cisco Systems Inc, Google Inc and Chinese computer maker Lenovo, among others, about selling all, or parts of itself.”
Roumeliotis and Rocha report, “The board was also concerned that any deal involving foreign companies would be closely scrutinized by the Canadian government in an extended review process, the sources said, prolonging uncertainty and making it harder for BlackBerry to stem customer losses.”
Read more in the full article here.
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