BlackBerry Board Refused to Break Up Company Despite Interest From Apple, Others

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Nov 8, 2013.

  1. macrumors bot

    MacRumors

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    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.
    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
     
  2. macrumors 68020

    Squilly

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    PA
    #2
    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 BBRY is obsolete these days.
     
  3. macrumors regular

    Joined:
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    Location:
    London, UK
    #3
    BlackBerry will have it's day again soon.

    #CrackBerry.
     
  4. macrumors member

    ArchAndroid

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    Aug 26, 2012
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    London, England
    #4
    Going down swinging.
     
  5. macrumors 6502a

    TsunamiTheClown

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    Fiery+Cross+Reef
    #5
    We all make mistakes right?
     
  6. macrumors 6502

    gmcalpin

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    Oct 2, 2008
    #6
    This is almost certainly a case where the parts of the company are worth more than the whole thing…
     
  7. macrumors 65816

    flottenheimer

    Joined:
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    Up north
    #7
    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.
     
  8. macrumors G4

    Joined:
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    Location:
    Redondo Beach, California
    #8
    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.
     
  9. macrumors 6502a

    chirpie

    Joined:
    Jul 23, 2010
    #9
    Meh, Kodak was certainly worth more in pieces. ^_^
     
  10. macrumors newbie

    Joined:
    Aug 18, 2010
    #10
    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.
     
  11. macrumors member

    Joined:
    Jun 10, 2007
    #11
    -----

    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.
     
  12. macrumors 68030

    needfx

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    macrumors apparently
    #12
    they should rebrand themselves to BBB

    BreakingBlackBeries
     
  13. macrumors newbie

    Joined:
    May 14, 2009
    #13
    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
     
  14. macrumors member

    Joined:
    Oct 18, 2010
    #14
    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...
     
  15. macrumors 6502

    Joined:
    May 27, 2013
    #15
    BlackBerry, much like their products, are going down struggling and embarrassingly.
     
  16. macrumors regular

    Joined:
    May 15, 2013
    #16
    the parts will just get cheaper,

    guess the board missed their golden parachutes this round ...
     
  17. macrumors 6502

    Joined:
    May 30, 2007
    #17
    Good chunks of the company are a huge liability. How do you sell a liability?
     
  18. macrumors 68040

    Joined:
    Apr 6, 2007
    #18
    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.
     
  19. macrumors 65816

    Joined:
    Apr 21, 2011
    #19
    They should have sold to either...especially Apple.

    Their time is past and their days of survival are numbered.
     
  20. macrumors regular

    Joined:
    Apr 29, 2008
    #20
    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.
     
  21. macrumors G5

    Consultant

    Joined:
    Jun 27, 2007
    #21
    BlackBerry:
    2007: iPhone is a toy
    2010: iPad is a toy
    2011: BlackBerry tablet will kill iPad
    etc.
    They aren't too smart.
     
  22. SkyBell, Nov 8, 2013
    Last edited: Nov 9, 2013

    macrumors 603

    SkyBell

    Joined:
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    Texas, unfortunately.
    #22
    So I suppose you've never heard of BB OS 10 or their almost entirely new hardware lineup?
     
  23. macrumors regular

    Joined:
    Mar 23, 2012
    #23
    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.
     
  24. macrumors 6502a

    Joined:
    Jun 1, 2010
    Location:
    This is the place
    #24
    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)
     
  25. macrumors 65816

    Joined:
    Apr 24, 2010
    #25
    What, and go toe-to-toe with this bad boy?
     

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