BlackBerry to Sell Majority of Canadian Real Estate
BlackBerry today said that it plans sell off nearly all of its real estate holdings in Canada. The company will, with its partner CBRE Limited, accomplish the divestiture through a combination of sale-leasebacks and vacant asset sales. According to BlackBerry, the sale covers more than three million square feet of office space. BlackBerry did not say how much money it hopes to make or save from the real estate sale. The move is meant to help BlackBerry shore up its balance sheet. Nokia took similar measures in 2013.
Unlocked BlackBerry Keyone Goes On Sale May 31; Sprint Version Arrives This Summer
TCL today announced that the BlackBerry Keyone, a smartphone it developed with BlackBerry Mobile, will be available to U.S. buyers starting May 31.
Judge Approves Sale of RadioShack Stores
A U.S. judge has given RadioShack permission to sell its 1,740 stores to Standard General, a hedge fund that plans to operate the stores with Sprint.
BlackBerry Passport Goes On Sale Weds. for $599
BlackBerry CEO John S. Chen today said it will begin to sell the Passport smartphone on Wednesday.
Yahoo Looking to Sell Up to $3B In Non-Core Assets
Yahoo hopes to sell between $1 billion and $3 billion of patents, property, and other assets, according to CFO Ken Goldman. The company is already exploring its strategic alternatives and believes a quick asset sale can shore up its finances.