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BlackBerry announced it has approved the purchase plan worth $4.7 billion by a consortium of investors, Monday (23/09/2013). Offer came from a consortium that plans to bring the Canadian telecommunications equipment maker that became a private company.
The statement said the company has signed a letter of intent that the acquisition plan, but still need to go through the due diligence phase. Consortium led by Fairfax Financial Holdings Limited.
Fairfax, who commanded Canadian company billionaire Prem Watsa, formerly the owner of a 10 percent stake BlackBerry. Watsa resigned from the board of directors of BlackBerry when it was announced in August 2013 search enthusiasts to buy the BlackBerry company.
Under the proposed consortium agreement, each outstanding share will be appreciated 9 U.S. dollars, while Fairfax will have its own contribution about when transactions. BlackBerry said their board of directors has approved this plan.
When the due diligence is completed, the BlackBerry will announce on 4 November 2013, with a consortium of funding sources readiness other considerations. While BlackBerry is also still looking for applicants for the company. Value of their stock drop to 8.23 dollars per share before trading was suspended ahead of the announcement.
BlackBerry's share price immediately rose to 9.07 dollars per share in afternoon trading Monday, as the announcement was delivered. Analysts are optimistic, but cautious." This is probably the best result of some interesting options for the BlackBerry," said analyst Jack Gold of J Gold Associates.
During the BlackBerry mobile phone users continue to foster a culture-bound on their smart phone products, many customers are switching to the iPhone from Apple or other Android-based gadgets like the Samsung dibesut. According to the International Data Corporation (IDC ), a global market share of BlackBerry has slipped to 3.7 percent in the second quarter of 2013, the lowest in the history of tracking performance. The Android dominate 80 percent market share.
BlackBerry is the new name for the Research in Motion as of January 2013. The name change to regain momentum for the company. However, recent data show that the effort failed miserably.
On Friday (09/21/2013), the company has announced it will lay off 4,500 of their staff, which is one-third the total global labor BlackBerry. Product launch earlier this year produced dismal numbers .
It added that the BlackBerry suffered a loss of almost $ 1 billion dollars in the second quarter of 2013 as sales of the Z10 should cover sag . Smart phone devices with touch screen support was originally created to compete with Apple products and Android devices.
Gold and other analysts say, is no longer the option to sell the shares to the market (going private) will give "breathing space" for BlackBerry. "Going forward, the BlackBerry will be a small player in the field of mobile telecommunications devices, but at least the BlackBerry into a private company, then Wall Street will not continually make their breath choking," Gold said.
According to Gold, it is likely that customers are tied to the company's products will no longer be compelled to replace BlackBerry devices because of fears the company is out of business smart phone.
"This is an opportunity to redesign the company, perhaps even exceeding the achievements now," Gold said. Nevertheless, most analysts remain doubtful about the future of BlackBerry.
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