Skip to main content

Report: BlackBerry CEO and Board Open to Going Private

To say BlackBerry has been struggling over the last few years would be an understatement. Once the smartphone king, the company fell behind when it failed to cater for the social crowd as well as the businessman. The company has made a lot of progress with BlackBerry 10, but many are worried that it's too little too late. However, if the latest rumors are to be believed, the company may not be very concerned with what everyone else thinks for much longer.

Reuters cites several sources that say the company is open to going private. The sources say that BlackBerry's CEO and board are considering taking the company private so they address its issues away from the public eye. Despite the board's tone changing, Reuters' sources say the company won't be selling anytime soon, as no deal has been lined up.

This isn't the first time we've heard rumors of a BlackBerry sale. Back in October of 2011, before the company had changed its name from RIM to BlackBerry, shares shot up amid speculation that the company was shopping around for a buyer. Gossip at the time highlighted Vodafone as a potential aggressor but nothing ever came of the rumors.

Be sure to check out the reviews of the BlackBerry Q10 and BlackBerry Z10 on our sister site, Laptop Mag!