“Blackberry” One of the world’s leading brands has decided/disclosed to sell its name to top suitor. With the advent of Android, Smartphone and iPhone, Blackberry has lost its strong existence and market in mobile phone industry. Presently, Blackberry is struggling in market and it seems soon it will move out of sight just like NOKIA brand. Although Nokia has its existence in mobile phone industry but it doesn’t has same charm and craze amongst the users as earlier. The brand is struggling due to several reasons but the major cause is its latest loss of almost $ 1 billion, which occurred due to low purchase of Blackberry 10 device. As a result, the brand is looking to sell its name to a top suitor.
According to the reliable source, it has come out that Toronto based, Fairfax Financial, a holdings company has been at forefront to buy BlackBerry. The company has offered $4.7 billion to get Blackberry as their authority. On the other hand a rumor has come up saying “Lenovo is another company that is showing interest in BlackBerry”. Since Lenovo is a China-based company, the US government could fear potential spying therefore chances are there that Canadian government would shoot down the deal, said sources.
With all these fiddle conversations, Blackberry yet not has decided to whom it will sell its name but it has assumed that by November 2013 it will be disclosed that who will be leading the brand later on.
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