Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

BlackBerry Shares Halted, News Pending

Sam RoAug 12, 2013, 17:15 IST

Timothy A. Clary/AFPResearch in Motion CEO Thorsten HeinsTrading in BlackBerry shares have been halted pending news.

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.

Shares of BBRY are down 17% since the beginning of the year.

More to come...