Former CEO Lazaridis Weighing Bid for BlackBerry
Founder and former co-CEO of BlackBerry, Mike Lazaridis, has indicated interest in buying the beleaguered smartphone maker. Lazaridis has increased his stake in the company from 5.7% to 8% this year. According to a security filing, Lazaridis has asked Goldman Sachs and Centerview Partners to review his stake and a possible bid. BlackBerry is currently weighing strategic alternatives and already has a $4.7 billion offer on the table from Fairfax Financial Holdings.
BlackBerry CEO Says 2016 May Be Last Year for Smartphones
BlackBerry CEO John S. Chen today said its smartphone business needs to generate a profit in 2016, "Otherwise, I have to think twice about what I do there." Chen's comments offer more insight into BlackBerry's frame of mind regarding smartphones.
BlackBerry to Kill Off Smartphone-Making Business
BlackBerry today said it will no longer make and sell its own smartphones. Instead, it will rely on original device manufacturers to design and make devices that will carry BlackBerry branding and software.
BlackBerry Cuts Priv's Price By $50
BlackBerry has given the Priv a price cut. The smartphone maker dropped the price of the phone from $699 to $649.
BlackBerry Weighing Move to Android
BlackBerry is considering whether or not to make a smartphone based on Google's Android platform rather than its own operating system, reports Reuters. Citing sources familiar with BlackBerry's plans, Reuters says the company is working on a slider handset that would have a touch screen and a slide-out physical keyboard for typing.