Monday, August 12, 2013

Reuters: Technology News: Blackberry says to explore strategic alternatives

Posted by Isabella on 5:33 AM

Reuters: Technology News
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Blackberry says to explore strategic alternatives
Aug 12th 2013, 12:11

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BlackBerry Chief Executive Thorsten Heins speaks at the company's annual meeting in Waterloo, Ontario July 9, 2013. REUTERS/Jon Blacker

BlackBerry Chief Executive Thorsten Heins speaks at the company's annual meeting in Waterloo, Ontario July 9, 2013.

Credit: Reuters/Jon Blacker

TORONTO | Mon Aug 12, 2013 8:11am EDT

TORONTO (Reuters) - Canadian smartphone maker Blackberry said on Monday it had set up a committee to explore strategic alternatives that could include joint ventures, partnerships or a sale of the company.

Reuters said last week Blackberry is warming up to the possibility of going private, as it battles to revive its fortunes. Chief Executive Thorsten Heins and the company's board is increasingly coming around to the idea that taking BlackBerry private would give them breathing room to fix its problems out of the public eye, sources said.

(Reporting by Andrea Hopkins)

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