BlackBerry hasn’t been doing so hot in the public sector. New rumors suggest BlackBerry’s CEO Thorsten Heins and the board of directors and considering the idea of taking the company private.
“There is a change of tone on the board,” one of the sources said. However, there isn’t any imminent deal and no sale has been launched by the company. Though, it may be quite hard for the company to go private as they continue to lose subscribers, private equity firms or other buyers might not be interested.
BlackBerry’s market value has fallen 19% this year to $4.8 billion, from $84 billion at its peak in 2008. BlackBerry considering the possibility of going private isn’t new. Before Thorsten Heins took over as CEO, co-founders Mike Lazaridis and Jim Balsillie met with private equity firm Silver Lake Partners. However, talks ended when they couldn’t agree on the company’s valuation.