Well, BlackBerry is doing something which I thought would happen in a few years from now.
The company’s board of directors formed a “special committee” to weigh these options. The committee includes the majority of the board, namely Barbara Stymiest, Thorsten Heins (BlackBerry’s CEO), Richard Lynch and Bert Nordberg, with the committee to be chaired by Timothy Dattels. Board member Prem Watsa, who is CEO of Fairfax Financial, the largest BlackBerry shareholder, decided to resign from BlackBerry “due to potential conflicts that may arise during the process.” Fairfax “has no current intention of selling its shares.”
But there’s more to this story.
BlackBerry tried to put a positive spin on the possibility of selling the company. “During the past year, management and the Board have been focused on launching the BlackBerry 10 platform and BES 10 [BlackBerry Enterprise Service], establishing a strong financial position, and evaluating the best approach to delivering long-term value for customers and shareholders,” Dattels said in the announcement. “Given the importance and strength of our technology and the evolving industry and competitive landscape, we believe that now is the right time to explore strategic alternatives.”
Read the entire story here at ArsTechnica. But BlackBerry, I feel sorry for you!