BlackBerry Shares Halted, News Pending
Advertisement
Timothy A. Clary/AFP
Advertisement
Just last week, Reuters reported that BlackBerry management was looking into taking the company private.
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, the sources said.
"There is a change of tone on the board," one of the sources said on Thursday.
Despite offering new products, BlackBerry has struggled to compete with other players in the smartphone market including Apple and Samsung.
Advertisement
Shares of BBRY are down 17% since the beginning of the year.
Advertisement
- GST revenue collection for April 2024 highest ever at Rs 2.1 lakh crore
- Top tourist places to visit in Mcleodganj in 2024
- 7 things to do on your next trip to Mcleodganj
- 9 most romantic sunset views across India
- 5 schools in Delhi, 1 in Noida receive bomb threats, searches underway