28.4 C
New York
Monday, June 17, 2024

Personal fairness agency Veritas makes a takeover provide for BlackBerry

Must read

(Reuters) -Personal fairness agency Veritas Capital has made a proposal to purchase Canadian software program firm BlackBerry (NYSE:), based on an individual conversant in the matter.

U.S-listed shares of BlackBerry rose about 17%.

Particulars of the provide couldn’t be discovered. Veritas and Blackberry (TSX:) didn’t instantly reply to Reuters requests for remark.

BlackBerry had mentioned in Could it might conduct a evaluate of strategic options, which might contains the potential separation of a number of of its companies.

Based in 1984, the corporate presently makes software program for vehicles and cybersecurity. It turned fashionable for its ubiquitous enterprise smartphones, toted by executives, politicians and legions of followers within the early 2000s.

It pulled the plug on its smartphones enterprise final 12 months and has since been making an attempt to promote its legacy patents associated to its cell gadgets.

In Could, BlackBerry mentioned it’s going to proceed with the beforehand introduced sale of the patents associated to its cell gadgets to Malikie Improvements Restricted for as much as $900 million.

See also  Israel shares decrease at shut of commerce; TA 35 down 0.60% By allskynews

The transfer got here after its prior deal to promote these patents to Catapult IP Improvements Inc for $600 million fell by way of because it took longer than normal to shut.

Related News


Please enter your comment!
Please enter your name here

Latest News