BlackBerry is going through a massive sea of change. The company is going through the toughest period in its history. Now, Reuters is reporting that the company is open to going private, to help it rejuvenate it fortunes without the pressure of Wall Street shareholders. Also Read - Blackberry 5G smartphone 2021 comeback confirmed again, to bring physical keyboards
The report states that CEO Thorstein Heins is open to the idea as it will reduce pressure on the company. However, the deal is not imminent and the company has not launched a sale process. Also Read - Blackberry is coming back once more, will debut in 2021 with a flagship keyboard phone
BlackBerry currently is just a shadow of the dominating force it used to be. From a peak valuation of $84 billion in 2008, it’s valued at $4.8 currently. Its products are not setting the market on fire and it’s struggling to compete with Android and has fallen even behind Windows Phone in terms of market share. Even its advantage in the enterprise is dwindling and the same holds true for its edge in messaging. Also Read - TCL will not design, manufacture or sell BlackBerry smartphones from August 31
Reportedly, the company had discussions with private equity firm Silver Lake Partners about potential collaboration in enterprise computing. If one remembers Silver Lake Partners is involved in helping founder Michael Dell take Dell private and there are hope if its successful with Dell, then there could be some collaboration between BlackBerry and Dell in the enterprise sector.