$4.7 Billion Buyout Offer for BlackBerry?

TheVerge reports that BlackBerry has received a $4.7 billion buy out offer from a Canadian Investment company. This means that BlackBerry could return to private ownership.

http://www.theverge.com/2013/9/23/4762666/blackberry-receives-buyout-offer

Things aren’t looking so good for BB. They halted trading of their shares, just as they did before announcing some major lay-offs (to which led to many thinking BB were going to way of Palm) to focus on enterprise (as the likes of Android and even WP have eaten BB’s consumer market).

BB may still receive other offers. November 4th is when an agreement is expected.

It’s all a bit sad that once big smartphone companies are heading this way. More so for Nokia of course, not simply because we’re Nokia fans, but because based on the news, it looked like Nokia and Lumia were on the up, and up! (You could not read the same excitement or success about BB, could you?). Some reckon BB could be broken up and parts sold off (services, patents, hardware).

There are still more Nokia smartphones to come, as evident by those leaks, all the way up until the Devices and Services division goes to MS. The same devices then, possibly under a different name (Lumia or something new) will be released. The main chunk of Nokia (the ‘profitable’ side), NSN, Here Maps, Patents/Intellectual Property, New Technologies/R&D will remain all Nokia.

PS, some very good comments by our readers in the know about how all of this works (The Nokia-MS deal/Transaction).

Cheers Alvester for the tip!

Category: Nokia