Report: BlackBerry Could Go Private
August 9, 2013 9:16 AM
comment(s) - last by
(Source: GEOFF ROBINS/THE CANADIAN PRESS)
It hasn't been confirmed yet, but Reuters said the company is open to the idea
BlackBerry isn't having the easiest of times, and now rumors are saying that the Canadian company may
look to go private
. According to
, BlackBerry may consider going private in an attempt to fix its problems outside of the public eye.
did report that BlackBerry is in talks with private equity firm Silver Lake Partners (which is working on
the Dell buyout
), it mentioned that these talks currently revolve around a partnership in enterprise computing; not a buyout -- yet.
If BlackBerry doesn't end up going private,
said some of its other options could be looking into other partnerships or even licensing its new BlackBerry 10 (BB10) operating system.
BlackBerry has had some hard times over the past couple of years, and it's taking a toll on the company's value. BlackBerry's shares have fallen more than 19 percent this year alone, and its market value has dropped to $4.8 billion -- a steep fall from $84 billion at its peak in 2008.
BlackBerry has had a tough time competing with the likes of
Apple and Android-powered devices
. BlackBerry has even been pushed aside in many corporate and government environments in favor of iOS and Android.
For instance, the Transportation Security Administration (TSA) ditched their BlackBerrys in May 2012 in favor of iPhones while the Immigration and Customs Enforcement followed suit in September. In October, the Defense Department left its BlackBerrys behind and chose to go with Android and Apple devices instead while the National Transportation Safety Board (NTSB)
left BlackBerry for a new fleet of iPhone 5s
BlackBerry launched its new BB10 operating system in January of this year, hoping that the new line of devices with a refreshed OS could help save the ailing company. However, analysts have called the Z10 launch a "disaster" and BlackBerry
even fell from third place
to fourth in Q1 2013 for smartphone operating system shipments. Microsoft's Windows Phone booted BlackBerry for No. 3.
In March of this year, BlackBerry's BB10 devices and BlackBerry Balance software were
denied by the UK's Communications-Electronics Security Group
(CESG). The new line reportedly isn't secure enough for daily government duties.
To make matters worse, BlackBerry posted
a surprise $84 million USD
($0.13 per share) loss for Q2 2013. It only sold 2.7 million BB10 devices as well when analysts expected 3.5 million.
Speaking of going private, Dell is currently in the process. Founder Michael Dell, who is being backed by buyout partner Silver Lake Management LLC in this process, was recently told to
up his offer from $24.4 billion
in order to secure approval from investor-advisory firm Institutional Shareholder Services (ISS).
This article is over a month old, voting and posting comments is disabled
RE: Yes, because being a public company IS the problem
8/9/2013 10:04:49 AM
RIMM... "Targeting the wrong goal since 2007"
"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone
Dell CEO Told to Boost Offer Value or Lose Chances of Going Private
July 3, 2013, 11:13 AM
BlackBerry Posts Surprise Loss on BB10 Flop; Only 2.7m BB10 Devices Sold in Q2
June 28, 2013, 2:47 PM
IDC: Windows Phone Passes BlackBerry for Third Place in Q1 Shipments
May 16, 2013, 10:50 AM
BlackBerry 10 Fails to Pass Security Requirements for UK Government
March 20, 2013, 9:51 AM
BlackBerry Offers "Secure Work Space" for iOS, Android
March 14, 2013, 10:51 AM
BlackBerry Passport, Q5, and Z30 Go on Sale Till Dec. 30, Z30 is Nearly Sold Out
December 26, 2014, 4:04 PM
Despite Bump to $99/Year, Amazon Prime Attracts 10 Million New Customers
December 26, 2014, 3:08 PM
Qualcomm Snapdragon 810, New Gobi Modem Pass Cat. 9 LTE-A Test on UK's EE
December 25, 2014, 11:30 PM
Happy Holidays From DailyTech!!
December 24, 2014, 5:07 PM
Nokia's Sweet $250 Android Lollipop N1 Tablet is Rumored for Jan. 7 China Launch
December 24, 2014, 1:45 PM
Samsung Preps 4 GB LPDDR4 RAM to Power "4K" Smartphones in 2015
December 23, 2014, 10:38 AM
Most Popular Articles
Miyamoto: Nintendo is Prepping Successor to Troubled Wii U
December 22, 2014, 6:28 PM
Amazon's Kindle Fire HDX 8.9 Drops to $299 (30 Percent Off) for a Day
December 22, 2014, 10:57 AM
Android-Powered BLU Studio 7.0 Claims to be the "World's Largest Smartphone"
December 19, 2014, 2:40 PM
Airbus A350 XWB Passenger Jet Takes Off, First Unit Delivered to Qatar Airlines
December 22, 2014, 1:22 PM
Mississippi AG Drops Anti-Google Subpoena After Dirty MPAA Ties Are Revealed
December 22, 2014, 9:51 AM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information