BlackBerry Hanging Up The Towel. Looking For A Buyer
Aug 13, 2013 20:05
BlackBerry has temporarily halted trading in its shares on Monday and announced that the company had formed a special committee to explore various options for the company. This includes either a joint venture or a sale of the company.
BlackBerry warned that "there can be no assurance that this process will result in any transaction." Prem Watsa, chairman and CEO of Fairfax Financial, also said he will resign from his post because of "potential conflicts that may arise during the process." Fairfax Financial is the largest BlackBerry shareholder.
Reuters reported that "several sources" last week said that BlackBerry may be interested in going private. The news sent the stock up more than 5% on Friday.
BlackBerry's market capitalization is about $5.6 billion.
It's not often that a company announces that it can't hack it anymore. Despite the upbeat quote from CEO Thorsten Heins:
"We continue to see compelling long-term opportunities for BlackBerry 10...", could this be BlackBerry throwing in the towel already?
At its peak, BlackBerry (nee Research in Motion) had a market capitalization of more than $70 billion. Today, the figure is around $5.4 billion.
So who can buy BlackBerry? Cisco has $48 billion in cash, so they may be able to afford it. Microsoft on the other hand would make sense as a market share play, but analyst Roger Entner says "Microsoft would basically cannibalize or kill BlackBerry,".
Then there's Apple, but how would this justify a $10 billion acquisition? They are also not known for buying up other big companies but prefers to snap up smaller ones and absorb them.
Of course, there's Samsung, which has denied interest in buying BlackBerry before. But they're own lineup is great enough. What reason would there be for them to do so?
Modern banking software finds itself at a pivoting point as rapid technological advancements shift consumer expectations. So, new advances bring both prosperity and challenges. A challenging environment puts banking software in a situation where they must leverage the market conditions to stay relevant. Read more
We live in times when digital threats are more common than ever for both small businesses and large organisations. Safeguarding digital assets are not just, if not more, important than protecting physical spaces. Companies can employ various different strategies to improve their cybersecurity defences - penetration testing is one of the key ways to test them. This article will explain what pentesting is and how it helps protect your business against potential threats. Read more
In today’s fast-paced global economy, the efficiency of supply chains is paramount. One often overlooked hero in the realm of logistics and supply chain management is the humble storage container. These steel boxes, which come in various shapes and sizes, play a pivotal role in ensuring goods are transported safely and efficiently across the globe. This article delves into the multifaceted role of storage containers in global supply chain management, showcasing their significance from historical evolution to future trends. Read more