Andre Yoskowitz
9 Aug 2013 23:04
After years of declines and waning investor support, BlackBerry may finally be considering going private, says Reuters.
CEO Thorsten Heins and the company's board of directors have increasingly moved towards the idea, with the source claiming "there is a change of tone on the board."
Of course, going private would require a sale process and BlackBerry will likely have a very hard time finding a buyer and the necessary funding.
At its peak in 2008, the company's market value was a massive $84 billion. The iPhone's release, in conjunction with a global recession, quickly destroyed that value and the company has been losing customers and profits since. Today, the company has a market value of less than $5 billion.
For years, BlackBerry (formerly RIM), refused to consider going private, making large bets on the new BlackBerry 10 operating system and two new flagship devices.