MKM Partners Cuts Price Target on BlackBerry (BBRY) Following Announced Plans to Acquire Good Technology

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Go back to MKM Partners Cuts Price Target on BlackBerry (BBRY) Following Announced Plans to Acquire Good Technology

BlackBerry to Acquire Good Technology

September 4, 2015 8:00 AM EDT

WATERLOO, ONTARIO and SUNNYVALE, CALIFORNIA -- (Marketwired) -- 09/04/15 -- BlackBerry Limited (NASDAQ: BBRY)(TSX: BB), a global leader in secure mobile communications, today announced that it has entered into a definitive agreement to acquire Good Technology for $425 million in cash.

The acquisition of Good is aligned with BlackBerry's strategy to offer customers the most complete, end-to-end solution that secures the entire mobile enterprise, across all platforms. Enhanced by Good, BlackBerry will expand its ability to offer a unified, secure mobility platform with applications for any mobile... More