BlackBerry to Explore Sale and Other Strategic Alternatives

Posted by at 10:08 am on August 12, 2013

BlackBerry today announced that it has formed a committee to evaluate the firm’s strategic alternatives moving forward.

Per BlackBerry, the list of alternatives the company plans to consider include possible joint ventures, strategic partnerships or alliances, a sale to a third party, or other possible transactions. The special committee members include Barbara Stymiest, Thorsten Heins (BlackBerry’s CEO), Richard Lynch, and Bert Nordberg, and will be chaired by Timothy Dattels. BlackBerry did not place a deadline on when it might make a decision about its future.

BlackBerry launched the BlackBerry 10 platform earlier this year, and sales of its new smartphones have not caught on as the company hoped.

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