BlackBerry agrees to $4.7 billion buyout by Fairfax-led consortium
BlackBerry announced Monday it has agreed to a $4.7 billion buyout through a consortium of investors who plan to take the struggling Canadian smartphone maker private. The corporate mentioned in a observation that it has “signed a letter of intent agreement under which a consortium to be led by Fairfax financial Holdings limited has supplied to obtain the corporate topic to due diligence.” Fairfax, a Canadian agency headed...
Lenovo faces regulatory obstacles in potential Blackberry bid
chinese computer maker Lenovo, which has signed a non-disclosure deal to look at BlackBerry’s books, faces regulatory barriers if it bids for the entire company and will probably pursue just components, a source accustomed to the subject stated on Thursday. BlackBerry Ltd mentioned in August it used to be exploring options that could embrace an outright sale. And the Canadian company, which helped pioneer smartphones, has...
BlackBerry says to explore strategic alternatives
Canadian smartphone maker BlackBerry has arrange a committee to explore strategic choices, together with joint ventures, partnerships or a sale of the company, Blackberry said on Monday Univers Inform. Former Goldman Sachs executive Timothy Dattels, a BlackBerry board member, will chair the new committee, as a way to additionally embody Blackberry Chief government Thorsten Heins. “Given the significance and potential of our...
BlackBerry reports nearly $1 billion quarterly loss for Q2
BlackBerry Ltd stated a nearly $1 billion quarterly loss on Friday, days after accepting its greatest shareholder’s tentative $four.7 billion bid to take it out of the public eye. BlackBerry, which had warned of the implications on September 20, mentioned its net loss for the 2d quarter ended on August 31 was $965 million, or $1.84 a share, while income fell 45 p.c to $1.6 billion from a yr past. The loss incorporated a pretax...
Purported pictures of a new entry-level QWERTY BlackBerry 10 phone appear online
It appears that BlackBerry has been working on some entry-level BlackBerry 10 devices, after its high-end devices failed to get major traction. Earlier on Monday, we saw a leaked image of a new full-touch, entry-level BlackBerry device rumoured to be part of its forthcoming C-series smartphones line-up. Following it is a new leak featuring an entry-level hardware keyboard-equipped BlackBerry 10 phone. Technology website, BGR...