Blackberry considers putting itself up for sale - PC Retail

Blackberry considers putting itself up for sale

It's also open to “possible joint ventures, strategic partnerships or alliances"
Author:
Publish date:
3-blackberry.jpg

Smartphone vendor Blackberry is considering putting itself up for sale or striking a joint venture, after what can only be described as a very tough year so far.

In a press release announcing the “exploration of strategic alternatives”, the company admits that it is considering “possible joint ventures, strategic partnerships or alliances, a sale of the company or other possible transactions” in an effort to “enhance value and increase scale in order to accelerate BlackBerry 10 deployment”.

Blackberry adds that it will offer no other comment until it strikes a deal.

"We continue to see compelling long-term opportunities for BlackBerry 10, we have exceptional technology that customers are embracing, we have a strong balance sheet and we are pleased with the progress that has been made in our transition,” president and CEO Thorsten Heins said.

Blackberry gaffes this year include European MD Stephen Bates’ excruciating interview on BBC Radio 5Live, accusations that Apple was lacking innovation and predictions of the death of the tablet market.

Read the full story on MCV.

Related