BlackBerry's survival hinges on things happening this coming week
Fairfax Financial Holdings happens to be BlackBerry's largest shareholder, but the $9 bid it made to buy the rest of the company it doesn't own, is lacking financing. According to Reuters, banks are "declining to participate on concerns that the smartphone maker will not be able to reverse its fortunes". Without financing from a financial institution, the Fairfax offer is worthless. The bidding team that includes former founders Lazaridis and Douglas Fregin also includes Cereberus Capital Markets. And there is speculation that chipmaker Qualcomm will join this group.
Before the year started, BlackBerry hoped that it might be able to make a strong showing as the number three OS and sneak in ahead of Microsoft. But Windows Phone has momentum and a number of new models that can go up against Android and iOS. It isn't clear new ownership will be able to right the ship at BlackBerry.
1. slaggyb (Posts: 163; Member since: 19 Oct 2011)
Allan F stop been a propaganda. Blackberry Ain't going nowhere regardless of what happens this week.
6. woodshop20 (Posts: 459; Member since: 14 Sep 2013)
Blackberry is inevitably going to be sold off to another company. They've tried so many times to revive themselves since the arrival of IOS and Android, and failed almost every time.
13. Tommy1960i (Posts: 88; Member since: 11 Oct 2013)
Now is too late for them. For a better price in 2009 for example samsung sold better phones with entertainment and business class but BB wanted only work. People changed because work is not eveything in their life, we need fun and other things too.
11. Droid_X_Doug (Posts: 5152; Member since: 22 Dec 2010)
Cereberus is a vulture. Once they start circling, it is over. They hastened Chrysler's demise. Now they get to do a repeat performance with BB.
14. frmrVZguy (Posts: 34; Member since: 10 Mar 2012)
Heins was just reported fired minutes ago
see theglobeandmail.com or search article title
2. woodshop20 (Posts: 459; Member since: 14 Sep 2013)
I really hope either Lenovo or Google buy BlackBerry. All the other companies are more interested in buying patents (for patent trolling) and leaving the Blackberry brand to die.
4. Taters (Posts: 2090; Member since: 28 Jan 2013)
If you want all the bs to stop, you better hope Samsung gets their patents. Someone needs to teach Apple a lesson and only Samsung has the guts to do it.
5. woodshop20 (Posts: 459; Member since: 14 Sep 2013)
No-one can teach Apple a lesson with the backing of the US Government. Only Motorola and Google can do it - the other American companies. Otherwise they'll just be bias against the other foreign companies and Apple will win their pointless patent wars again.
7. noteseries (Posts: 67; Member since: 29 Oct 2013)
they should start making an Android phone
8. funchumm1206 (Posts: 52; Member since: 04 Mar 2013)
Their purchase of qnx was a waste. They should have made android phones with Blackberry's assets.
9. Genersis (Posts: 161; Member since: 29 May 2013)
I just hope a tech company acquires it; will hopefully lead to a few interesting developments.
Personally I would of wanted HTC to purchase it, so they have their own platform to work on, but that is, for obvious reasons, incredibly unlikely; HTC facing a similar fate.
I guess a Microsoft acquisition could prove interesting, wanting to make Windows Phone more appealing for business applications.
I'm really not sure what Google would do with it, but I guess that's why they're my third choice.
I doubt the others listed would do anything with Blackberry.
10. snowgator (Posts: 3149; Member since: 19 Jan 2011)
BlackBerry came to a complete "Stop" when the PlayBook wasn't a success. It just seemed when the Tablet tanked, they decided to stick with what worked with BB07 for another year and a half rather then take anymore chances. By the time the CEO's were forced out, the BB10 roll out was months behind and consumers who were die-hard users were sick of waiting. It took another year to get the Z10 out, and by then WP had it's foot in the door. I love the BB10 OS, but there just is so much concern over the future of this company that it will take another year for the average consumer to build enough confidence in BB to roll the dice on them.
Sad to see such an important company have such a shaky future. I am still cheering for them.
12. JakeLee (Posts: 372; Member since: 02 Nov 2013)
It's game over for BB.
There is simply no hope.