UPDATE: BlackBerry (BBRY) Under Pressure to Do Deal - Reuters
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(Updated - July 5, 2013 2:03 PM EDT)
BlackBerry (Nasdaq: BBRY) is feeling pressure to do deal, according to sources cited by Reuters. The report follows a decline in BlackBerry stock in the wake of disappointing Q1 results. This will put pressure on BlackBerry's board to explore options, despite reluctance, said sources.
Private equity interest in BlackBerry is considered weak, but interest could come from other technology companies. Importantly, Canadian regulators could be more open to a foreign bid considering heightened uncertainly at BlackBerry. In the past Canada expressed concern about national security.
BlackBerry (Nasdaq: BBRY) is feeling pressure to do deal, according to sources cited by Reuters. The report follows a decline in BlackBerry stock in the wake of disappointing Q1 results. This will put pressure on BlackBerry's board to explore options, despite reluctance, said sources.
Private equity interest in BlackBerry is considered weak, but interest could come from other technology companies. Importantly, Canadian regulators could be more open to a foreign bid considering heightened uncertainly at BlackBerry. In the past Canada expressed concern about national security.
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