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BlackBerry Declines Several Takeover Bids

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BlackBerry Declines Several Takeover Bids

BlackBerry reportedly declined numerous takeover bids in contemporary months. Obviously, BlackBerry’s plans to redesign its industry have stuck the eye of a few rival firms. The corporate additionally owns numerous patents and has a legion of lovers.

Last week there have been a few rumors approximately Samsung creating a takeover be offering to BlackBerry. Both Samsung and BlackBerry temporarily denied the ones stories.

BlackBerry’s board of administrators and its largest investor Fairfax Financial Holdings don't seem to be precisely eager about promoting these days. They need to give a boost to the turnaround plan introduced via CEO John Chen. Company resources stated that they have got no purpose to promote. Under the in a position management of John Chen BlackBerry has introduced a multiyear undertaking that incorporates the advent of latest handsets and products and services focused at executive and company consumers. The resources additionally stated that the potential bids have been under the prospective worth of BlackBerry.

Samsung may well be one of the crucial attainable suitors. When Reuters revealed a tale approximately Samsung making an be offering to shop for BlackBerry, BlackBerry inventory soared 30% on Nasdaq. Share costs touched $12.60, the best considering June, 2013. BlackBerry brushed aside the tale. Samsung additionally stated that the rumors have been groundless.

Several different firms also are stated to have approached the Canadian corporate. While BlackBerry has rejected all of those gives, many observers consider that the corporate will sooner or later be bought. BlackBerry popularized wireless cellular messaging, smartphones and wireless emails within the 2000s. The corporate used to be ultimately marginalized by way of the likes of Apple and Samsung. BlackBerry’s keyboard targeted handsets may just now not compete towards touchscreen units introduced via Apple and different firms.

While Samsung denied creating a takeover be offering, this is a attainable purchaser for more than a few purposes. Samsung will surely in finding worth within the 44,000 patents held through BlackBerry. In addition, BlackBerry has been looking to provide its cellular tool to the Korean corporate. Obviously, the 2 firms are becoming nearer.

China-primarily based Lenovo made an try to shop for BlackBerry in 2013. But the Canadian executive hostile that transfer over fears of nationwide safety. Samsung is a South Korean corporate and is not likely to come across that more or less competition.

John Chen

John Chen took over because the CEO of BlackBerry in November, 2013. Immediately after his arrival, BlackBerry’s board of administrators deserted the verdict to promote the corporate to Fairfax Financial Holdings. Instead, they opted for a refinancing deal led through Fairfax.  With this refinancing, Fairfax now owns a 17% stake in BlackBerry.

Mr. Chen refocused the corporate’s efforts on launching keyboard targeted handsets with very good hardware and the recent BlackBerry 10 OS that is as just right as iOS or Android. The recent services the Passport and the Classic are promoting smartly.

Mr. Chen has stabilized the corporate’s base line and BlackBerry now has 3.1 billion greenbacks in investments and money. While Mr. Chen’s objective is to promote 10 million handsets a yr, BlackBerry has now not been in a position to do so. He expects new device sales to materialize by way of summer time. While it's real that Mr. Chen is dealing with an uphill activity, it's nonetheless too early to put in writing off BlackBerry.

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