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
8/10/2013 8:52:08 AM
I never said anything about that. Increase reading comprehension please. I was commenting on his logical fallacy.
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