BlackBerry Ltd's board rejected proposals to break-up the Canadian smartphone company, saying that it is currently not in the best interest of all of its stakeholders. Such pronouncement came after the company's review of strategic options which lasted for three months.
According to Reuters, BlackBerry's board rejected proposals from several technology companies that have expressed interest in acquiring all or parts of the company's assets.
Tech giants Microsoft Corp. and Apple Inc. had both eyed BlackBerry's intellectual property and patents, while Cisco Systems Inc., Google Inc. and Lenovo were interested in aquiring all or parts of the Ontario-based company, said Reuters.
Earlier this week, BlackBerry cast off plans to sell itself, named a new executive chairman and interim chief executive officer, and entered a USD 1 billion bond deal to boost its financial position.
Said debt sale is backed by US, Canadian and Qatari investors including Fairfax Financial Holdings Ltd, Qatar Holding LLC, Brookfield Asset Management Inc., Mackenzie Financial Corp., Markel Corp. and Canso Investment Counsel Ltd., said Bloomberg.
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