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BlackBerry Considering Move to Go Private

by Todd Haselton | August 9, 2013August 9, 2013 6:00 am PDT

BlackBerry Q10-Camera 2

BlackBerry, the beleaguered smartphone maker that has taken a beating the past several years despite the introduction of a new operating system, is considering a move that would take it private. The news was first reported by Reuters, which said that CEO Thorsten Heins and the board of BlackBerry have toyed with the idea recently.

BlackBerry can’t simply flip a switch and go private, however: the company would need to raise enough funding to buy back its shares – a move Reuters said could be much harder than it sounds on paper. Silver Lake was apparently involved in some talks, though that firm is currently struggling in a similar spot with Dell, another tech giant going private.

The company has also expressed revived interest in licensing its BlackBerry 10 operating system. Though, again, with its decreased market share and poor mind share among consumers right now it’s unclear who might want to license the platform.

Reuters

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...


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