By Karlee Weinmann (August 9, 2013, 2:46 PM EDT) -- BlackBerry Ltd. is growing increasingly open to the idea of going private in a move that could help it shore up business out of the public eye, sources told Reuters on Friday. The beleaguered smartphone maker has not officially launched a sale process, though its board's consideration of a potential deal signals a major perspective shift amid continued financial difficulties for the company, whose fall has been spectacular. BlackBerry's current $4.8 billion market value sits at just a fraction of its 2008 peak of $84 billion — a factor that could dissuade private equity firms or other buyers from coming forward with offers, especially as it continues to lose subscribers to rival services and battle against losses....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
