BlackBerry’s Blackout
BlackBerry smartphone and OS manufacturer has agreed in principle for a private takeover by its largest shareholder for $4.7bn (£2.93bn). It buyout is by Fairfax owned by Canadian billionaire who already owns 10% of the company.
BlackBerry’ formerly known as Research In Motion, has been struggling for some time now its no surprise we are all seeing the big FOR SALE sign over the entire company. The company feels its going private for the right price but we think it all about survival. Though we did not see any mobile developers putting any serious effort into supporting the BB10 OS since it was launched. Struggling smartphone maker BlackBerry is looking to fast track an auction process that could see it sold to new owners as soon as November 2013. Just three months after announcing plans of looking to “explore strategic alternatives.” The lights of BB Q10 and Z10 handsets are behind on sales. Also even adding in the numbers from the older Blackberry handsets.
BlackBerry sales volume have dropped tremendously in the last quarter. The BB10 failed to gain a strong user base due to the lack of apps and functionality.
Bla has now signed a provisional agreement to be bought by a consortium led by Fairfax Financial Holdings Limited and we all hope it will save this sinking ship. Our correspondents at PING Magazine, believes that BlackBerry can be revived if the right investment and strategies are deployed. What do you think that can save BlackBerry? There are few questions we like our audience to reflect about BlackBerry, like why is BlackBerry is so much trouble known it was once a leader in the smartphone sector? Do you think BlackBerry comes to iOS and Android is a good thing? How can BlackBerry regain its lost customers? With iOS and Android topping the list of ‘supported platform and Windows Phone occupying the third ecosystem. When will it be in the top 3 again? Lets wait and see…
BlackBerry"s $4.7bn sale To Fairfax
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