Venture capital tycoon Prem Watsa quit from BlackBerry board and was expected to outline BlackBerry's stock market exit.
Tags: BlackBerry
BlackBerry CEO Thorsten Heins to make USD55.6 million if he sells the smartphone maker
BlackBerry CEO Thorsten Heins would make USD55.6 million if he sells the corporation and is ousted from his position.
BlackBerry resources could appeal investment
Analysts disclosed that BlackBerry's assets could attract investors. Reports have resounded Blackberry's confirmation in contemplating alternatives to boost the company position up, including a sale of the company In connection to this, Reuters divulged an overview of BlackBerry's resources in a report that may entice investors.
BlackBerry to go private as quick fix for dropping shares
BlackBerry could go private to help improve market value. BlackBerry finds itself on the verge of going private, according to analysts in a Reuters report.
BlackBerry will not receive bids higher than USD13 per share - analyst
Stuart Jeffrey, Nomura Equity Research's analyst, said BlackBerry would be lucky to receive bids higher than USD12 to USD13, even from an "optimistic buyer."
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Billionaire Prem Watsa could be the key to any successful Blackberry deal. As beleaguered smartphone maker Blackberry Ltd begins to contemplate a sale of its holdings, Reuters reported that the success of any deal would rest in the hands of Prem Watsa.
Iron Capital's analyst, Eric Jackson, said BlackBerry would continue to slump even with the reported strategic alternatives for the company.
Sources said that BlackBerry started looking for potential buyers since 2012 when it hired JPMorgan Chase & Co. and RBC Capital Markets to manage the search.
BlackBerry's board members opted to go on sale after the company's market value plunged to only USD5.1 billion from USD83 billion in 2008.
As Blackberry announced its formation of a special committee to "explore strategic alternatives" like a possible sale to compete with its biggest technology rivals, conflict may arise.
Blackberry announced the creation of a committee to look into strategic alternatives like joint ventures, partnerships and sales to help revive the company.
Private equity executives and analysts said taking BlackBerry private would make sense but it is not a quick fix for the company’s problems.
The reported collaboration between BlackBerry and Silver Lake Partners could help each other grow their individual market share.
According to analysts, valuing BlackBerry right now is impossible considering the company's struggles.
