Blackberry might be on offer | RetailDetail

Blackberry might be on offer

Blackberry might be on offer

CEO of Blackberry Thorsten Stein has announced in a press release that a special committee has been founded within Blackberry. It will take a closer look at the future of Blackberry - probably meaning that Blackberry is for sale. Last year Blackberry already worked with a number of business banks for the same reason.

Looking at strategic alternatives

"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”, says Thorsten Stein in the press release. Next to completely selling the company, there are also a few other options. Blackberry can choose for a joint venture or it can look for partners at other companies. Even a stock exchange delisting is not out of the question.

 

In the early days of the breakthrough of the smartphone, Blackberry was the absolute reference. The competition of the iPhone and other smartphones eventually became too much to handle for Blackberry. It also stubbornly kept choosing for a full keyboard, instead of switching to the more popular touchscreen.

 

Only a few percent remains of what was once a major market share. The launch of Blackberry 10, the new operating system, and devices to go with it brought no change for the company.

 

Questions or comments? Please feel free to contact the editors


Ceconomy sells its Russian division

21/06/2018

Ceconomy, MediaMarkt's parent company, has sold its onerous Russian division to local electronics chain M.video. The German electronics giant does not quit Russia altogether however, as it continues as shareholder of M.video.

LVMH's Bernard Arnault invests in refurbished phones

14/06/2018

BackMarket, a French start-up that wants to be a marketplace for refurbished smart phones, tablets and laptops, has secured a 41 million euro investment. The most famous new investor is Bernard Arnault, CEO of luxury group LVMH.

Coolblue closes hundreds of web shops

11/06/2018

Dutch e-commerce group Coolblue has terminated hundreds of its web shops, instead preferring one central web shop at coolblue.be/nl. This may be the precursor to an international expansion, the company says.

Xiaomi's European conquest goes through Paris

23/05/2018

Chinese smartphone manufacturer Xiaomi just opened a physical store in Paris, part of its ambitious European expansion plan. The brand is also dreaming of an American launch.

Fnac Darty and MediaMarkt Saturn enter purchase alliance

16/05/2018

French electronics retailer Fnac Darty has set up a purchase alliance with competitor MediaMarkt Saturn. Both companies will buy together when it comes to the European retail market.

Amazon looking to outbid Walmart in Flipkart deal

03/05/2018

The battle for dominance on the Indian e-commerce market seems to be stepping up a notch: Amazon may be looking to buy a majority stake in Flipkart, trying to better Walmart which already started negociations with the Indian online retailer.