BlackBerry hopes to be acquired by November

BlackBerry hopes to be acquired by November
According to the Wall Street Journal, we could be no more than 8 weeks away from the end of BlackBerry as a company and perhaps as a smartphone brand. The Canadian handset manufacturer does not want a long, lingering auction process. Instead, the company wants to be sold and turn the keys over to the new buyer no later than November. J.P. Morgan Chase has been hired to run the sales process.

BlackBerry's board announced last month that it had formed a special committee to "explore strategic alternatives." At one point, there was a leak about the company spinning off its coveted BBM, polishing it up, and putting it up for sale. Instead, it has had secret discussions with firms interested in buying all or part of BlackBerry. The latter now has a short list of potential bidders and wants to start the sales process soon.

Besides the handset manufacturing business, BlackBerry has its enterprise services business which helps companies run a "fleet" of smartphones. A big computer company like IBM could be interested here. BlackBerry Messenger could be sold to a company like Google. Then, there is the software business. Microsoft and Google could have interest there. Of course, the company could be sold as is, in one piece.

BlackBerry, which once had more than 50% of the U.S. smartphone business, now has less than 3% according to IDC. Former management's denial about the touchscreen era led BlackBerry to fall behind iOS and Android, and it has been unable to catch up. And with Nokia's Windows Phone models now picking up momentum in the low end of the market with the Nokia Lumia 520 and becoming known for its low-light photography exploits on the high end, BlackBerry has yet to find any traction with the public. Even the fabled BlackBerry QWERTY has failed to lift demand for the BlackBerry Q10.
 
Now that BlackBerry is seen as a lame duck, it will be even harder to get consumers to buy its phones. With an app store that looks like Kmart's toy section on December 26th, developers have not been rushing to write for the platform and this will only make matters worse. And the acquisition of Nokia by Microsoft has given BlackBerry's top competition access to unlimited money for marketing and R&D.

If BlackBerry has its way, this is a story we should be hearing plenty about over the next few weeks.

source: WSJ

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19 Comments

1. rdemon

Posts: 50; Member since: Aug 23, 2012

Cmon Samsung! Buy BlackBerry and set out for world domination!

7. ardent1

Posts: 2000; Member since: Apr 16, 2011

There may be antitrust issues for Samsung (same dor Apple) in the smartphone space. The patents are a different issue.

2. kizanko

Posts: 9; Member since: Sep 28, 2012

I don't care who buys them but who ever does, I hope they make good use of the Blackberry innovations, techniques and security. It has been a wonderfull company and has been a great influence in the smartphone era, it's a shame they have to end this way but I hope the company who buys them can respect their legacy and make good use of it. I don;t want them to end up like HP did with Palm. I might have been a Android user all my life but they definately deserve some respect for keeping up this long! :) I wish them a good future!

8. ardent1

Posts: 2000; Member since: Apr 16, 2011

Capitalism is also known as "creative destruction". If a company can't generate a sufficient ROIC, it's toast unless it's a public good. The market doesn't need Blackberry; they dug their own grave and couldn't recover from the Apple innovation. One of Blackberry's co-CEO once stated (in response to the first iPhone): "Who wants to type on glass." Btw, he was once a "billionaire" based on Blackberry's stock price.

3. Googler

Posts: 813; Member since: Jun 10, 2013

Anyone except Google, Apple, and MS. 4 way competition would be much better for us consumers as long as whoever buys them has the money and vision to do something good with it.

4. bucky

Posts: 3776; Member since: Sep 30, 2009

Absolutely agree. Competition is what gives me choice. I would like to see Ubuntu make it personally. I actually liked the n900(I think that was based off of it).

6. Googler

Posts: 813; Member since: Jun 10, 2013

Ubuntu works for me, Meego also. I've been cheering for both, waiting for something solid to come out.

12. MorePhonesThanNeeded

Posts: 645; Member since: Oct 23, 2011

4 Way from who? Which other company is there that has the financial backing to bring BB back from the dead aside from MS and Google, Apple would kill it and take all it's patents for itself. I see Google snatching it up and syncing up BB with Motorola for one tough, secure Android powered BBM flavored device. That would be interesting as hell.

13. Googler

Posts: 813; Member since: Jun 10, 2013

You act like there's only 3 rich companies on the planet, Google, MS, and Apple. There's plenty of tech companies that could do this, BB doesn't have the market share they once did so quite a lot of companies could pull off buying them. Cisco, Qualcomm, or even one of the Chinese phone OEMs could show an interest. Intel could even decide to get a jump start with this purchase.

16. snowgator

Posts: 3621; Member since: Jan 19, 2011

It would be interesting to see who is on the short list.

5. Damitel

Posts: 66; Member since: Apr 21, 2013

Samsung should buy Blackberry and develop their Bada from there, if possible combine them and provide users with the missing link between Android and Ios and maybe windows.

9. wizzardtech

Posts: 59; Member since: Mar 12, 2012

Blackberry now was the same issue with Nokia before. "Old fashioned Mind set". They dont believe in innovation and dont want to embrace the future because they thought they have more than 50% of the market so who wants to type in glass. wrong!!! Now they're doomed. Lesson learned but its too late.

14. snowgator

Posts: 3621; Member since: Jan 19, 2011

Did they ever really learn their lesson??

10. wrm2013

Posts: 232; Member since: Mar 28, 2013

If that q10 had apps and a good camera id be in heaven.

11. mottykels

Posts: 387; Member since: May 15, 2013

how about the Z30? How sad #poorBB lol

15. volcano

Posts: 348; Member since: Jan 25, 2013

im not sure if microsoft or google interested enough to buy bb after all the cash they spent on nokia and motorola i could see them buying parts of the company not the whole thing

17. snowgator

Posts: 3621; Member since: Jan 19, 2011

Sad. Loved BB10. Not sure who buys this company, but BB10 is an expensive project. I would be very surprised to see who ever buys them put the time and resources into saving that OS. MS has been pouring billions into WP, and it is only the third the OS app/podcast system of Android and the mother of all app systems iOS. Who would have the kind of revenue or cash on hand to do the same thing for BB10?

18. Alex123

Posts: 241; Member since: Oct 17, 2012

What if Nokia buy Blackberry? I hope this happens soon. come one Nokia and and everybody will be always supporting you. (This probably just in my dream)

20. downphoenix

Posts: 3165; Member since: Jun 19, 2010

maybe HP should buy them... oh wait.

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