Yesterday, we reported that BlackBerry was looking to be acquired by a “Google-like” company. The company has allegedly been looking for a buyer since 2012, sources claim.
In recent months, JP Morgan and RBC Capital Markets are said to have quietly contacted possible bidders, but found the bidders had little to no interest in buying the whole company.
The announcement of the new special committee to review all possible joint ventures, partnerships, or entire sale signals dimming times for BlackBerry.
However, there is still a possibility the company may try to go private. Prem Watsa, founder and CEO of Fairfax Financial, who owns 10% stake in BlackBerry, has stepped down from the board. This could mean Watsa intends to aid in the privatization or evade any “conflicts of interest” should an outright sale be pending.