A news published on recently on September 24th reported that there is an offer to take Blackberry private meanwhile the uncertainty is still exsiting. Later on Monday, BlackBerry said it has signed a letter of intent from a Canadian insurance and investment company, to pay shareholders $9 a share in cash taking the company private.
Blackberrys defined smartphones in June 2008, at that time the comoany had a stock market value of $83 billion. However, the buyout offer is a powerful symbol of the phone maker’s decline. Unfortunately, Blackberry reported a quarterly loss of nearly $1 billion due largely to the failure of the Blackberry 10 phones that were supposed to revive the company. The analyst from Morningstar also said there is no value for the Blackberry 10 ecosystem. Consequently, Blackberry is now considering quitting the handset business.
To deal with this bad condition, Blackberry may now consider planing to expand the company’s software business. And the plan is about a relatively new software that helps firms and corporations to control employees’ mobile devices including iPhones and Andriod-based phones. Nevertheless, at the same time Blackberry is facing strong competitors in this area such as Microsoft and Facebook. It has to make some efforts to expand the market thus saving the situation which is being taken over.
Article:
http://cn.nytimes.com/business/20130924/c24blackberry/en-us/