Monday, 12 August 2013

BlackBerry Announce Sales Of Company


For all of you planning to get Blackberry, hold on and read this..
BlackBerry's board announced on Monday it has formed a special committee that could ultimately lead to a company sale.

Just before the news, the smartphone maker's shares were halted on the Nasdaq. 
In a statement, the committee will be tasked with "exploring strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment."
"These alternatives could include, among others, possible joint ventures, strategic partnerships or alliances, a sale of the Company or other possible transactions," the company statement added.

The Special Committee of the Board is comprised of Barbara Stymiest, Thorsten Heins, Richard Lynch and Bert Nordberg, and will be chaired by Timothy Dattels.
It comes amid earlier rumbles and rumors that the smartphone maker was going private.
Shares in BlackBerry were up by more than 5 percent at market close on Friday on rumors that the company's board was looking more favorably on the idea that it could drum up equity and investor support to pull itself from the stock market.
In pre-market trading on Monday, shares were up by more than 1 percent.

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