BlackBerry reportedly rejected any proposal that involved breaking up the company, after several interests from companies such as Microsoft Corp, Apple Inc, Lenovo Group Ltd and many others, they decided to take a $1 billion dollar investment to keep it intact as they felt it was in the best for their business.
For a list of partners involved in the Fairfax led investment, see here. BlackBerry shocked investors by abandoning plans to sell itself, naming a new interim CEO in John Chen, Thorsten Heins stepping down and announcing an $1 billion convertible notes issue to a group of investors.
The board was also concerned that any deal involving foreign companies would be closely scrutinized by the Canadian government in an extended review process. BlackBerry will focus on the enterprise market and launch several new smartphones, plus continuing to bring additional features to BBM on Android and iPhone, while monetizing via BBM Channels when it launches on all BBM compatible platforms.
As a BlackBerry user, how do you feel about the company staying intact?
Source: Reuters