BlackBerry is for Sale!?

BlackBerry is struggling to hold its position. This mobile brand halted trading in shares several days ago. The reason for that is announcing that the company had formed a special committee with assignment to explore various options for the company's future, including joint venture or even selling. In a statement BlackBerry expressed caution because "there can be no assurance that this process will result in any transaction." This news came just a few days after Prem Watsa, chairman and CEO of Fairfax Financial, said he will resign because of potential conflicts during the process. Just for the record, Fairfax Financial is the largest BlackBerry shareholder. This means that BlackBerry will have a turbulent future. RIM is already for a long time in trouble, but it seems that this time the situation is really serious.

RIM is ready for overtaking or selling

One of the options for BlackBerry might be to go into private hands. We're not surewho is interested to buy this company, but we believe there are some potential buyers. We can only guess that future owner of RIM will be some of the highly profitable handset makers. In case some of them decide to buy RIM, or BlackBerry if it's easier for you, they will have to pay approximately about $5.6 billion. That's the estimated market capitalization of BlackBerry.

BlackBerry still misses the point

In the meantime, BlackBerry increased their stock for more that 5%. The company also announced that they had launched 1 million BlackBerry 10 devices, but there is one curiosity about this manufacturer. Just a few days ago company announced BlackBerry 9720 - a smartphone featuring BlackBerry 7 operating system!? It is very unusual that RIM managed to made one step forward with brilliant BlackBerry Z10 and two steps back with this old fashion QWERTY device. Dear Managers of this lovely brand, we hope that know what you are doing. Good luck anyway! Source: marketwatch.com