The once mobile device giant, Blackberry, has fallen. After many tries to revive the company’s once fame, on September 23, Blackberry announced that it has struck a $4.7 billion deal with a group of investors who want to take it private. The transaction will close in early November.

Blackberry’s fall from fame is the result of it failing to recognize the potential of its competitors, Apple behind the race. Just when you think, Blackberry has made a comeback with the Blackberry Q10 in the start of the year; it turned out to be a great disappointment for many. Blackberry’s take-private transaction might be their best bet right now. Choosing to be private will free up management’s focus and time on running and growing a business. Being private allows the company to concentrate more on improving the business’s competitive positioning in the marketplace. Going private will allow Blackberry to tend to their wounds and strategize for a comeback.’s IPhone and Android smartphones. Although, Blackberry was always ahead of the game, underestimating its opponents had really put them

Read the article here: http://www.economist.com/blogs/schumpeter/2013/09/blackberry

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