A new report suggests that Blackberry’s board rejected takeover proposals from leading technology players.
Once giants in the field, companies like Blackberry, Nokia, and Motorola are facing ever-increasing uncertainty in the smartphone industry; this can be traced backed to the big smartphone revolution in the late 2000s. Now, Nokia has been acquired by Microsoft, Motorola by Google, and just recently Blackberry was looking around for a new parent company.
However, we know last week Blackberry announced that they are no longer interested in being acquired – in parts or whole. A new report from Reuters has sprung up which suggests – based on information from anonymous sources – that big-shots like Apple, Microsoft, Lenovo, Cisco, and even Google gave out proposals to Blackberry, posing their interest in buying valuable company assets such as its line of consumer and enterprise products, software, and patents.
Blackberry rejected these offers as its board felt that it was not in the long-term interest of all involved stakeholders including not just customers and shareholders, but also employees and suppliers. There were heavy costs involved in the break-up of the company, costs that would’ve completely devalued whatever value is still left in Blackberry.
For now, Blackberry has announced a new CEO John Chen, and accepted investments totaling $1bn from Fairfax Financial Holdings, Canso Investment Counsel, Qatar Holding, and others. The company hopes its current strategy of reinventing itself to suit to new smartphone users while still appealing to old loyalists will bring about a change in fortune. We hope so, too. Competition is always good.