BlackBerry To Sell Itself By November?


Firm is reportedly pushing for a ‘quick deal’

Members of BlackBerry’s board are hoping to have the company, or parts of it, sold by November according to the Wall Street Journal.

The Canadian firm first announced the news of putting itself up for sale in August, making a November completion quicker than some industry experts expected.

Potential bidders

Following Microsoft’s $7bn acquisition of Nokia earlier this month, BlackBerry’s board is reportedly pushing for a similar ‘quick deal’ so that consumers’ perception of the brand isn’t affected.

A list of potential bidders has also reportedly been narrowed down after the smartphone manufacturer held preliminary talks with several companies, as it looked to ‘explore strategic alternatives’.

BlackBerry Messenger spin-off?

Although it’s not clear whether the BlackBerry brand will be sold as a whole or in part, the phone maker could become a niche player in the mobile market.

Bert Nordberg, BlackBerry board member, said: “I think BlackBerry is able to survive as a niche company. But being a niche company means deciding to be one.”

A possible subset the firm could spin-off is its successful BlackBerry Messenger service, with previous reports stating that the free messaging platform would form under BBM Inc, if the company chooses to sell.

Where BlackBerry’s fate lies nobody knows, but we’re sure it won’t be too long until we find out.