BlackBerry Is Officially For Sale

It's official. The beleaguered BlackBerry is up for sale.The company announced it had formed a special committee to explore "strategic alternatives" for itself. The company specifically said that it's trying to "enhance value and increase scale in order to accelerate BlackBerry 10 deployment.

However, BlackBerry noted in the release that alternatives could range from joint ventures to partnerships to a sale of its operation to another firm. Now that BlackBerry has announced that it's exploring alternative strategies that include selling off the company, talk among financial analysts has naturally turned to what firm would potentially buy the troubled device manufacturer. Canaccord Genuity analyst Mike Walkley thinks that BlackBerry's options may be limited because no company will buy it at its current market cap.

We struggle to identify potential buyers that would pay a premium to the current share price, Walkley writes while reiterating a Sell rating on BlackBerry shares.

 -411Vibes
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