In a statement released Monday, the committee is also considering potential joint ventures and other partnerships in an effort to boost interest in its line of BlackBerry 10 devices.
"Given the importance and strength of our technology, and the evolving industry and competitive landscape, we believe that now is the right time to explore strategic alternatives," says Timothy Dattels, chairman of BlackBerry's special committee, in a statement.
Shares of BlackBerry are up 7.6% at $10.50 after pre-market trading was temporarily halted.
Last week, Reuters reported BlackBerry CEO Thorsten Heins and the company's board were considering a move to go private to spark a turnaround.
BlackBerry's first wave of devices running its new BlackBerry 10 operating system have failed to catch on with consumers, as they turn to more popular smartphones running on Apple iOS and Google Android. Microsoft's Windows mobile platform is also gaining traction, leaping past BlackBerry as the third most popular operating system during the last quarter, according to IDC.
In June, BlackBerry reported 2.7 million smartphones running its new mobile platform shipped during their first quarter.
"I'm confident in the future of BB10," said Heins during the quarterly conference call in June. "But there's lots of work to do."
JP Morgan Securities is serving as financial advisor to Blackberry and Skadden, Arps, Slate, Meagher & Flom are serving as legal advisors.
The company warned in its announcement that "there can be no assurance that this exploration process will result in any transaction."
Source: courier-journal
No comments:
Post a Comment
Thanks for sharing your opinion