BlackBerry is considering going private, several sources familiar with the situation told Reuters.
According to the Reuters report, chief executive officer Thorsten Heins and BlackBerry’s board of directors are “increasingly coming around to the idea that taking BlackBerry private would give them breathing room to fix its problems out of the public eye.”
However, that doesn’t mean the private route is likely. Quoth Reuters:
No deal is imminent, however, and BlackBerry has not launched any kind of a sale process, the sources said. Even if it tried, BlackBerry could find it hard to come up with a buyer and the funding to go private. With the company still posting losses and bleeding subscribers, private equity firms and other buyers may not want to step up.
The Waterloo-based smartphone pioneer’s market value sits below $5 billion, down from $84 billion in 2008. Shares are down 20% this year, despite the launch of BlackBerry 10.