UPDATE: Reuters Reports Blackberry In Talks To Go Private
Reuters reported overnight that Blackberry (NASDAQ: BBRY) is "warming up to the possibility of going private" as the famed smartphone maker battles to stay solvent. Reuters cited an exclusive conversation with CEO Thorsten Heins that the Board of Directors is increasingly open to the idea as the move could buy the company more breathing room outside of the public eye.
"No deal is imminent, however, and BlackBerry has not launched any kind of a sale process, the sources said. Even if it tried, BlackBerry could find it hard to come up with a buyer and the funding to go private. With the company still posting losses and bleeding subscribers, private equity firms and other buyers may not want to step up."
Blackberry denied comment when contacted by Benzinga.
Reuters said that talks recently broke down with Silver Lake Partners about collaboration over enterprise computing. "The talks with Silver Lake did not involve any buyout or other transaction-related discussions, the source said."
Read the full Reuters article here.
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