A new report shows that BlackBerry has refused proposals from several tech giants like Microsoft, Apple, and Lenovo. BlackBerry has been in trouble for the past few years as customers seeking smartphones moved to iOS and Android devices.
Reuters reports that BlackBerry’s board of directors decided they wouldn’t break up the company and sell various parts of it to other companies, since they thought it wasn’t in the best interest of the company's stakeholders. Previously it was thought that Fairfax Capital would buy the firm; this has now been revoked.
Apple and Microsoft both wanted to buy BlackBerry’s patents, probably to help them if they go into another IP battle in the near future.
On Monday BlackBerry was taken off the market, going for a $1 billion infusion from a small group on investors. It’s thought that the investment could reach $1.25 billion, so it might be profitable for that group.
BlackBerry has fared poorly in the past few years as iOS and Android caught up with secure email offerings, therefore making those companies more popular with businesses. Almost all of those currently using a BlackBerry could leave the brand once their contracts are up.
