![]() |
The Collapse of Blackberry : Infographic via NyTimes
In 2008 and 2009, BlackBerry controlled nearly 50 percent of the smartphone market, about the same as Android does today. Today, it owns hardly more than 2 percent. Via WSJ:
BlackBerry is also " looking or " strategic Buyers including " venture funding , and pvt equit— as an alternative to the Fairfax deal. That deal, which values the company at $9 per share, has faced some skepticism from financial analysts — who believe a $7 per share price is more realistic — which may explain why BlackBerry is apparently looking elsewhere now.
Late last month, days before BlackBerry reported a $965 million quarterly loss (due mostly to a writedown on unsold Z10 devices), it signed a letter of intent to go private. Its largest shareholder, Fairfax Financial Holdings, is the prospective buyer, tabling a $4.7 billion bid for the company.
|