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Old Nov 8, 2013, 03:06 PM   #1
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BlackBerry Board Refused to Break Up Company Despite Interest From Apple, Others




Apple and Microsoft both expressed interest in acquiring portions of BlackBerry, according to a new report from Reuters. BlackBerry's board ultimately elected not to break up the company, despite Apple's interest in its intellectual property and patents. According to the report, the company also had discussions with Microsoft, Cisco, Google, and Lenovo.
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BlackBerry Ltd's board does not believe a break-up of the Canadian smartphone maker is currently in its best interests, even though Microsoft Corp, Apple Inc and Lenovo Group Ltd, among others, have expressed interest in acquiring parts of the company, according to people familiar with the discussions.

The board rejected proposals from several technology companies for various BlackBerry assets on grounds that a break-up did not serve the interest of all stakeholders, which include employees, customers and suppliers in addition to shareholders, said the sources, who did not want to be identified as the discussions were confidential.
Earlier this year, the struggling BlackBerry was forced to initiate significant layoffs. The company received a $4.7 billion takeover bid from Fairfax Financial in September, though Fairfax Financial and BlackBerry ultimately chose not to proceed with its offer, with BlackBerry CEO Thorsten Heins stepping down in favor of John Chen, former CEO of Sybase.

Instead, Fairfax Financial and several other investors have opted to invest $1 billion in BlackBerry via debt securities, giving BlackBerry a chance to re-establish itself in the smartphone market, where it has been unable to keep up with the competition.

BlackBerry holds a number of valuable patents, worth approximately $1 to $3 billion. In 2012, its patent portfolio grew by 986 patents, many of which would be relevant to competing smartphone companies like Apple and Google. BlackBerry's patents are also relatively new, giving them a long lifespan and increasing their overall value.

BlackBerry's latest phone, the Z10, saw steep discounts just months after its launch due to weak sales. BlackBerry has had better success with its recently released BlackBerry Messenger apps for iOS and Android, which saw more than 10 million downloads within the first 24 hours.

Article Link: BlackBerry Board Refused to Break Up Company Despite Interest From Apple, Others
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Old Nov 8, 2013, 03:09 PM   #2
Squilly
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They could always sue other companies for money like a patent troll for violations... They should've broken up the company for pieces. BBRY is obsolete these days.
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Old Nov 8, 2013, 03:10 PM   #3
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BlackBerry will have it's day again soon.

#CrackBerry.
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Old Nov 8, 2013, 03:10 PM   #4
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Old Nov 8, 2013, 03:11 PM   #5
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Old Nov 8, 2013, 03:12 PM   #6
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This is almost certainly a case where the parts of the company are worth more than the whole thing…
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Old Nov 8, 2013, 03:12 PM   #7
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If they were merged into, say, Lenovo, it could be interesting.
On their own I feel pretty confident that they won't make it. It will be painful to watch.
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Old Nov 8, 2013, 03:14 PM   #8
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Originally Posted by gmcalpin View Post
This is almost certainly a case where the parts of the company are worth more than the whole thing…
Then why did Apple, Microsoft and Google all offer to buy only parts of the company? Apple could have bought the entire company and then sold off the parts it has no use for and made money. They didn't so I suspect you are wrong. The parts are not worth more or someone would be acted on that already.
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Old Nov 8, 2013, 03:17 PM   #9
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Then why did Apple, Microsoft and Google all offer to buy only parts of the company? Apple could have bought the entire company and then sold off the parts it has no use for and made money. They didn't so I suspect you are wrong. The parts are not worth more or someone would be acted on that already.
Meh, Kodak was certainly worth more in pieces. ^_^
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Old Nov 8, 2013, 03:17 PM   #10
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BlackBerry should've specialized in early Andrioid headsets with keyboards

BlackBerry had a real window to remain a power player in the smart phone world if they had developed a custom version of Android designed to add classic Blackberry features to a keyboard equipped Android device. Had that been released within the first year of Android's launch, Blackberry would have remained the top device for its segment.
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Old Nov 8, 2013, 03:20 PM   #11
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This is just another example of a company that didn't take Apple seriously enough when they unveiled the iPhone back in 2007, because the powers that were at the time didn't think that they (Apple) could break in to the market. Just goes to show you, you snooze, you loose.
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Old Nov 8, 2013, 03:22 PM   #12
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Going down swinging.
they should rebrand themselves to BBB

BreakingBlackBeries
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Old Nov 8, 2013, 03:26 PM   #13
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blackberry could drag this out a bit longer.....as long as they don't lose existing enterprise clients but their not going to gain any large enterprise market share at this point. From a sys admin standpoint why in the hell would I buy BES and force BB devices on my users. No benefits nowadays with other cheaper MDM tools out there for any BYOD
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Old Nov 8, 2013, 03:27 PM   #14
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Well, I guess Microsoft and Apple will just pick up the parts they want cheaper from the receivers in a year or so then.
For a company on the edge, BlackBerry seem awfully picky about what and to whom they'll sell...
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Old Nov 8, 2013, 03:27 PM   #15
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BlackBerry, much like their products, are going down struggling and embarrassingly.
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Old Nov 8, 2013, 03:30 PM   #16
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the parts will just get cheaper,

guess the board missed their golden parachutes this round ...
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Old Nov 8, 2013, 03:32 PM   #17
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Originally Posted by ChrisA View Post
Then why did Apple, Microsoft and Google all offer to buy only parts of the company? Apple could have bought the entire company and then sold off the parts it has no use for and made money. They didn't so I suspect you are wrong. The parts are not worth more or someone would be acted on that already.
Good chunks of the company are a huge liability. How do you sell a liability?
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Old Nov 8, 2013, 03:34 PM   #18
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Originally Posted by SSD-GUY View Post
BlackBerry will have it's day again soon.

#CrackBerry.
How'd you figure? They've not come up with anything successful since the iPhone came out. They've been in a nosedive for a long time now with no obvious plan to even attempt to fix that.
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Old Nov 8, 2013, 03:34 PM   #19
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They should have sold to either...especially Apple.

Their time is past and their days of survival are numbered.
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Old Nov 8, 2013, 03:40 PM   #20
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I'm sorry, but a breakup does not serve the interests of its shareholders? That's rich, coming from a board that sat idyll as it's company made poor decisions and stagnated during the last half decade. It looks to me like their inaction, coupled with the company's failure to innovate, did not serve the interests of BlackBerry's shareholders.
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Old Nov 8, 2013, 03:47 PM   #21
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BlackBerry:
2007: iPhone is a toy
2010: iPad is a toy
2011: BlackBerry tablet will kill iPad
etc.
They aren't too smart.
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Old Nov 8, 2013, 03:49 PM   #22
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They've been in a nosedive for a long time now with no obvious plan to even attempt to fix that.
So I suppose you've never heard of BB OS 10 or their almost entirely new hardware lineup?
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Last edited by SkyBell; Nov 9, 2013 at 01:33 PM. Reason: clarity
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Old Nov 8, 2013, 03:51 PM   #23
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It seems likely, from what I've read, that the Canadian government is meddling in Blackberry's future. The likely result is no future at all.

Letting one of the big tech companies buy all or part of Blackberry would be the best outcome for all stakeholders.

To me so called "Patent Trolls" have a useful and legitimate purpose, that nobody ever seem to mention, namely to realise value in patents created by failed technology companies thus allowing some of the value in those companies to be recouped.
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Old Nov 8, 2013, 03:55 PM   #24
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So I suppose you've never heard of BB OS 10 or their almost entirely new hardware lineup?
You really are serious, aren't you?

I have heard of both, which based on market acceptance places me in a super small subset.

Where have you been that you think they still have viable offerings?
(Aside from patents)
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Old Nov 8, 2013, 03:57 PM   #25
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Originally Posted by joshwolf View Post
BlackBerry had a real window to remain a power player in the smart phone world if they had developed a custom version of Android designed to add classic Blackberry features to a keyboard equipped Android device. Had that been released within the first year of Android's launch, Blackberry would have remained the top device for its segment.
What, and go toe-to-toe with this bad boy?
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