BlackBerry exploring potential breakup of company

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Waterloo tech company is exploring strategic options in an apparent move to appease investors ahead of June annual meeting

, which has struggled to regain investor interest since the demise of its smartphone business, is exploring a potential breakup of the company.

and the deal could be worth up to US$900-million to BlackBerry depending on the new owner’s success in pursuing further licensing deals. Mr. Chen is into his 10th year as CEO, a period marked by two phases: He was successful in transitioning the company completely out of the smartphone business and cutting costs while securing its future as a continuing company.

The cybersecurity business, largely a collection of companies purchased by BlackBerry over the years, has been a disappointment. Itthan expected. BlackBerry is a leader in the device management business, but it is a crowded, mature niche sector.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines