BlackBerry Going Private?

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BlackBerry Going Private?

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BlackBerry Going Private?

by Wochit 0:53 mins

BlackBerry just wants some privacy. According to Reuters, the smartphone company is considering finding a buyer and taking itself private. The move would give Blackberry some space to focus on innovation without having to worry about share price. Once the toast of the smartphone market, the company has seen better days. Shares have fallen and market value is currently $4.8 billion, down from $84 billion in 2008. The Wall Street Journal has reported Samsung Electronics and its affiliate Cheil Industries will together buy Novaled for $347 million. Chiel, which makes electronic materials for OLED screens, will purchase a 50 percent chunk of Novaled, while Samsung will acquire 40 percent.

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