BlackBerry CEO John Chen says that there have been no offers for the company

BlackBerry CEO John Chen says that there have been no offers for the company
BlackBerry CEO John Chen spoke with Bloomberg's Emily Chang on Monday, and she asked if the executive is planning on selling BlackBerry. It seems like a silly question considering that Chen just took over the post in November, and his turnaround plan has just started. Eventually, the CEO might be inclined to sell BlackBerry. After all, that what he did with Sybase after turning around that company. Chen got SAP to purchase Sybase for $5.8 billion in 2010.

Chen says that so far, no offers for BlackBerry have crossed his desk. He did say that it would probably be impossible to sell to a Chinese company considering BlackBerry's installed base in the U.S. government.

As for the odds that he will be able to create value at BlackBerry, Chen gives himself an 80/20 chance of success. He says that he is comfortable where the company is now, although he admits that BlackBerry might never be iconic again.



source: Bloomberg

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23 Comments

1. Duketytz

Posts: 534; Member since: Nov 28, 2013

He's realistic tbh. I'm somewhat in between on this guy but hopefully he will help BB

4. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

Definitely realistic. Although I doubt a Chinese company would be interested in paying what Chen would want for BB, even if the objections of the Canadian govt. were addressed. U.S. govt. installed base is going down, so they probably won't matter in a few years.

8. WahyuWisnu

Posts: 1001; Member since: May 29, 2014

agree with you. BB will valued BBM too much. The chinese company might not interested in BBM too much as BBM use awkard archaic alphanumeric random sequence.

20. BobbyDigital

Posts: 2124; Member since: May 29, 2014

Wacky Wahu: Still trolling. Nothing outlasts Wacky Wahu's trolling. He keeps trolling and trolling and trolling...

17. meanestgenius

Posts: 21800; Member since: May 28, 2014

US government installed base going down? Since when? Provide proof, please. While the U.S. government may be entertaining the notion to use other OEM's that use other OS's, they still use BlackBerry devices above all.

19. BobbyDigital

Posts: 2124; Member since: May 29, 2014

Show some proof Doug. Otherwise you're just trolling along like Wacky Wahu and making the rest of us Android fans look bad.

2. Ashoaib

Posts: 3276; Member since: Nov 15, 2013

gone the era of been iconic... there are competitors more than ever before... gone the era when chinese brands were midiocre... now too much to choose from

5. iLegend

Posts: 41; Member since: Jun 05, 2013

Time to hug wall for him.

6. GreekGeek

Posts: 1276; Member since: Mar 22, 2014

No takers? there goes the surprise of the century

7. fzacek

Posts: 2486; Member since: Jan 26, 2014

Who would want a dead company?

14. meanestgenius

Posts: 21800; Member since: May 28, 2014

12. kindlefireowner

Posts: 504; Member since: Dec 05, 2011

No offers? Maybe that has to do with the Canadian Government. If you buy Blackberry, you get a silent partner that you don't want in the Canadian Government.

13. meanestgenius

Posts: 21800; Member since: May 28, 2014

Perhaps there are no offers on the table because John Chen has already taken the "for sale" sign down since last year. If you've seen the interview on video, John Chen doesn't even seem concerned by this. He has said as much IN THE VIDEO. He is more concerned with building value for his investors with moves like this: http://www.phonearena.com/news/BlackBerry-becomes-more-secure-buys-Germanys-Secusmart_id58745 This doesn't seem to be someone too concerned with buyout talks when he's making further acquisitions that will undoubtedly BlackBerry cement and maintain there LEAD in enterprise and mobile security.

18. kindlefireowner

Posts: 504; Member since: Dec 05, 2011

APPL could easily buy BBRY for 12 billion dollar or about $20 per share, including the convertible issue of 2013. While this would be expensive considering how few parts of the BBRY whole are useful, this is lunch money to AAPL, so cost isn't a factor here. What is the factor, and the "never" of the article title, is the reaction of the Canadian government, not just to a foreign company takeover of a major Canadian company (the ole "good" reason again), but to the devastation of Canadian BBRY employment as a direct result. AAPL would scrap the hardware device division and the OS division immediately. AAPL would keep any/all of the best software engineers in its employ, but the rest of the BBRY employees would get pink slips. How many BBRY employees would be let go? Impossible to put exact numbers to this since the employment numbers for each part of BBRY are not broken out. But it would be a substantial number. BBRY, through its recent multi-year travails, has already been forced to lay off a large number of employees from the peak employment in 2008-09, but the actual numbers and from exactly which divisions, has not been disclosed. It is true these previous layoffs did not produce a political firestorm as these terminations certainly would, but remember they were a case of a home grown Canadian company destroying Canadian jobs. In this case, Canadian politicians would immediately wrap themselves in their flag and fling dark mutterings at AAPL, Washington, and any other non-Canadian company they could think of----between frequent bouts of apoplexy! One can only imagine the political repercussions this would have both in Ottawa and in Washington.

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