Monday 12 August 2013

Blackberry form a committee to explore a possible sale.

Blackberry smartphone manufacturers are exploring options for its business, which will see the company sold.

Timothy Dattels, Blackberry's board members to head a new committee to consider different business models and partnerships.

It wants to increase the sales of Blackberry 10 models as seen in the company's future.

"We believe that now is the right time to explore strategic alternatives," Mr. Dattels said.

"During the past year, the Executive Committee has been focusing on the launch of the Blackberry 10 platform and BES 10 create a strong financial position and assess how best to present value terms. long for customers and shareholders. ".

Prem Watsa, chairman and major shareholder of the Blackberry, Fair Finance, resigned from the board of directors as a form of declaration, Mr. Watsa said he wanted to avoid potential conflicts of interest.

"I remain a strong supporter of the company's board of directors and management as they move forward through this process and Fairfax Financial is not currently the intention of selling their shares," he said.

The company has struggled in recent years to regain lost market share to Apple and the Android operating system of Google.

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