BlackBerry has been in the spotlight a lot over the past few months. The company announced that it was hard at work creating a revolutionary new operation system, BB10. Research in Motion changed its name to just “BlackBerry.” Blackberry Messenger, the chat client for BlackBerry users was made into an iOS app. The company even launched a new device management service that would allow bosses to keep track of iPhones and iPads, too.
After all of these changes, new products, and reinventions, today the company announced that it is looking for a buyer and is exploring “strategic alternatives.”
According to TechCrunch, the Canada-based company halted trading on its shares and announced that it is looking into different possibilities to keep the company going, including a possible sale or joint venture or other partnership.
“During the past year, management and the Board have been focused on launching the BlackBerry 10 platform and BES 10, establishing a strong financial position, and evaluating the best approach to delivering long-term value for customers and shareholders,” said Timothy Dattels, Chairman of BlackBerry’s Special Committee of the Board. “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.”
Even after all of the big changes and software launches, BlackBerry is far from the top of the tech heap. Shortly after BB10 launched, the company’s stock dropped by nearly 30 percent.
BlackBerry is not throwing in the towel at this time. They are simply looking into their options. Everything may just stay the same. Blackberry included the following statement in their press announcement:
“There can be no assurance that this exploration process will result in any transaction. The Company does not currently intend to disclose further developments with respect to this process, unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives.”