BlackBerry Reportedly Looking to Go Private In Turnaround Efforts
BlackBerry CEO Thorsten Heins along with the BlackBerry Board of Directors are reportedly considering the possibility of paying off shareholders and structuring a private equity deal to give them a chance to avoid continued public scrutiny. So far BlackBerry 10 and the latest BlackBerry smartphones including the Z10 and Q10 haven’t brought a major resurgence of interest in the company’s brand or products.
One thing is clear, the company is still in turnaround mode and has a quite a mountain to climb. BlackBerry’s recent quarterly performance, as well as issues like layoffs and executive departures, just show that the company needs to make more changes to get the organization back into shape before it can return to growth.
A move like this isn’t unheard of, I mean just look at what Michael Dell is attempting to do by with his efforts to take Dell private. If the Dell deal is any indication about what BlackBerry has to look forward to if they do attempt to take the company private, it sure doesn’t look like fun.
BlackBerry (BBRY) is up over 5 percent in pre-market trading.
Sign in or become a BestTechie member to join the conversation.
Just enter your email below to get a log in link.