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BlackBerry Will Reconsider Strategic Alternatives For Its Business

BlackBerry Will Reconsider Strategic Alternatives For Its Business
The Canadian technology giant BlackBerry announced on Monday that it will evaluate its strategic options, which could include the potential separation of one or more of its divisions.
The company's US-listed shares increased by close to 11% in after-bell trade.
Pager manufacturer BlackBerry, which was founded in 1984, said it hasn't established a deadline for the procedure and won't reveal any new information until the board has authorised a specific deal or the investigation is complete.
When the business went public in 1997, it quickly gained notoriety for its widely used business smartphones, which were carried by businesspeople, politicians, and throngs of admirers in the early 2000s.
It shut down the company last year and has since been attempting to sell its old patents that are connected to its mobile devices.
Following the collapse of its earlier agreement to sell the patents to Catapult IP Innovations Inc for $600 million because the closing process took longer than usual, BlackBerry announced on Monday that it would proceed with the previously announced sale of the patents to Malikie Innovations Limited for up to $900 million.
Malkie is a recently established division of the Key Patent Innovations Ltd. company that monetizes intellectual property.
BlackBerry's main businesses today include cybersecurity and software used by automakers, despite once being recognised for its phones with a tiny QWERTY physical keyboard and the BBM instant messaging service.

Christopher J. Mitchell

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