BlackBerry has launched a review of strategic alternatives for its portfolio of businesses.
for its portfolio of businesses that could see the company break up its operations.
News of the review pushed BlackBerry's share price up almost nine per cent or 47 cents to $5.73 in early trading Tuesday. BlackBerry warned the board has not set a timetable for completing the review, which will be led by Morgan Stanley & Co. LLC and Perella Weinberg Partners. It added there can be no assurance that the process will result in any transaction.
It decommissioned several of its phone services last year, advising customers to expect their BlackBerry mobile devices would stop reliably working.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
BlackBerry Ltd. reports US$11 million loss in first quarter as revenue risesBlackBerry Ltd. reported losses of US$11 million in its latest quarter, up 93 per cent from a loss of US$181 million a year earlier.
Lire la suite »
BlackBerry software to be used by international electric vehicle consortiumBlackBerry Ltd. says some of its software and services have been chosen for use in a Foxconn-backed electric vehicle consortium.
Lire la suite »
Reports of BlackBerry sale marks 'end of an era': AnalystReports swirling that Blackberry Ltd is fielding early offers for a takeover marks a significant milestone in the history of Canada’s tech sector, according to one analyst.
Lire la suite »
Oil ticks higher after China moves to support flagging economyOil prices ticked higher on Monday, along with equity markets, after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand. Oil benefited from a better tone on the opening, IG market analyst Tony Sycamore said, after China halved stamp duty on stock trading effective Monday in the latest attempt to boost struggling markets. 'Unfortunately, after last week's modest (Chinese central bank interest) rate cut, the announcements above amount to another piecemeal measure that won't alter investor gloom towards China,' he added.
Lire la suite »
BlackBerry software to be used by international electric vehicle consortiumBlackBerry Ltd. says some of its software and services have been chosen for use in a Foxconn-backed electric vehicle consortium.
Lire la suite »
BlackBerry Ltd. reports US$11 million loss in first quarter as revenue risesBlackBerry Ltd. reported losses of US$11 million in its latest quarter, up 93 per cent from a loss of US$181 million a year earlier.
Lire la suite »