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Equity Firm Looks to Take BlackBerry Private

Article Comments  7  

Sep 23, 2013, 12:43 PM   by Eric M. Zeman   @phonescooper

BlackBerry has signed preliminary paperwork with a consortium of equity companies that could lead to the company going private, reports the Globe and Mail. Fairfax Financial Holdings has cobbled together a handful of companies and offered $9 per share for BlackBerry, valuing the smartphone maker at about $4.7 billion. "BlackBerry has fallen on hard times recently, but we have every confidence it will be successful again," said Fairfax CEO Prem Watsa. "We're trying to make sure it remains in whole in Canada. We're looking at any possibility for the good of the company, its customers and its employees." BlackBerry announced that it is exploring strategic options for the business following poor adoption of its BlackBerry 10 platform.

more info at Globe and Mail »



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Sep 23, 2013, 1:43 PM


I was hoping that they would take this company private rather than sell it off in pieces. A private equity firm may still do that though. The price per share seems a bit low. Despite what many people think, Blackberry does hold value in terms of patents and its balance sheet is good considering where they are. An equity firm wouldn't even look at it if it was hopeless.
ahh the heck with it...let the "its about time" speeches begin Laughing
On the first day of availability, BBM for Android was downloaded 1.1 million times...and that was for an accidentally released demo version that doesn't work......this shows I think a possible future direction for Blackberry as a provider of services ...
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