Apple showed interest in BlackBerry patent buy, board refused offer
According to a report published on Friday, the board of beleaguered smartphone hardware and software maker BlackBerry fought off proposals from tech giants Apple, Microsoft, Lenovo and others, each of which wanted to buy a piece of the company.
Citing people familiar with the matter, Reuters reports that BlackBerry's board of directors decided against breaking up and selling the struggling company piecemeal, saying it was not in the best interest of its stakeholders. The firm was previously under consideration for a takeover bid from Fairfax Capital.
Sources said Apple was among the parties interested in buying part of BlackBerry's assets, especially as it pertained to intellectual property. Microsoft, too, expressed interest in purchasing a share of the Canadian company's patents, though details of the proposals have yet to surface.
It is unknown what patents were being reviewed for purchase, but BlackBerry has a cache of wireless technology properties that may have shown value in light of Apple's ongoing patent struggle with Samsung, Google's Motorola and other smartphone rivals.
As reported on Monday, BlackBerry ultimately took itself off the market, instead opting for a $1 billion infusion from a small group of investors. The investment could reach $1.25 billion, the company said.
In addition to the investment, CEO Thorsten Heins resigned both his position and seat on the board, with former Sybase chief executive John Chen taking over in the interim. Chen will reportedly receive a $1 million base salary, a $2 million performance-based bonus and restricted stock units worth approximately $85 million at today's prices. Those RSUs are contingent on his continued employment and will vest in chunks over the next five years.
Citing people familiar with the matter, Reuters reports that BlackBerry's board of directors decided against breaking up and selling the struggling company piecemeal, saying it was not in the best interest of its stakeholders. The firm was previously under consideration for a takeover bid from Fairfax Capital.
Sources said Apple was among the parties interested in buying part of BlackBerry's assets, especially as it pertained to intellectual property. Microsoft, too, expressed interest in purchasing a share of the Canadian company's patents, though details of the proposals have yet to surface.
It is unknown what patents were being reviewed for purchase, but BlackBerry has a cache of wireless technology properties that may have shown value in light of Apple's ongoing patent struggle with Samsung, Google's Motorola and other smartphone rivals.
As reported on Monday, BlackBerry ultimately took itself off the market, instead opting for a $1 billion infusion from a small group of investors. The investment could reach $1.25 billion, the company said.
In addition to the investment, CEO Thorsten Heins resigned both his position and seat on the board, with former Sybase chief executive John Chen taking over in the interim. Chen will reportedly receive a $1 million base salary, a $2 million performance-based bonus and restricted stock units worth approximately $85 million at today's prices. Those RSUs are contingent on his continued employment and will vest in chunks over the next five years.
Comments
The title should have a 'their' before 'board'.
Really?
No mentioning of these recent events?
This page really is the Pravda of the tech-world...
Well, here are un-censored Apple Insights:
- iPad Air EXPLODES INTO FIREBALL as terrified fanbois flee Apple Store
- http://www.washingtontimes.com/news/2013/nov/8/ipad-explodes-setting-australian-store-customers-f/
"An Apple iApparatchik was straight on the scene to work out why the Air had caught fire."
and this:
- http://www.theguardian.com/world/2013/oct/07/apfelkind-cafe-trademark-battle-apple-germany
("The key factor that inspired Römer to fight back was a gagging clause. At first the US company had offered a compromise whereby she could use the Apfelkind logo on her own franchise products but not on any electronic equipment.")
Really?
No mentioning of these recent events?
This page really is the Pravda of the tech-world...
Well, here are un-censored Apple Insights:
- iPad Air EXPLODES INTO FIREBALL as terrified fanbois flee Apple Store
- http://www.washingtontimes.com/news/2013/nov/8/ipad-explodes-setting-australian-store-customers-f/
"An Apple iApparatchik was straight on the scene to work out why the Air had caught fire."
and this:
- http://www.theguardian.com/world/2013/oct/07/apfelkind-cafe-trademark-battle-apple-germany
("The key factor that inspired Römer to fight back was a gagging clause. At first the US company had offered a compromise whereby she could use the Apfelkind logo on her own franchise products but not on any electronic equipment.")
At first I thought the same thing but reading it again, it makes sense that BBRY's board refused.
AOA1! Dude, get some sleep!
Not needed! We will be banned soon, after all, this is the Pravda of the tech world where the likes of Dilger and Florian Muller rule supreme and where the truth is not welcome...
Really?
No mentioning of these recent events?
This page really is the Pravda of the tech-world...
Well, here are un-censored Apple Insights:
- iPad Air EXPLODES INTO FIREBALL as terrified fanbois flee Apple Store
- http://www.washingtontimes.com/news/2013/nov/8/ipad-explodes-setting-australian-store-customers-f/
"An Apple iApparatchik was straight on the scene to work out why the Air had caught fire."
and this:
- http://www.theguardian.com/world/2013/oct/07/apfelkind-cafe-trademark-battle-apple-germany
("The key factor that inspired Römer to fight back was a gagging clause. At first the US company had offered a compromise whereby she could use the Apfelkind logo on her own franchise products but not on any electronic equipment.")
The new A7 chip lets the iPad Air become a fire breathing dragon. Unfortunately things got carried away after the Air tried to roast a thieving Hobbit.
In other news, an iPad Air was used to hit someone over the head. Press deems iPad Air very dangerous. Out of 20 million devices, we have one flameout which was probably caused by someone shoving something metal up the charging port. If this was widespread, your post may have some weight.
Really?
No mentioning of these recent events?
This page really is the Pravda of the tech-world...
Well, here are un-censored Apple Insights:
- iPad Air EXPLODES INTO FIREBALL as terrified fanbois flee Apple Store
- http://www.washingtontimes.com/news/2013/nov/8/ipad-explodes-setting-australian-store-customers-f/
"An Apple iApparatchik was straight on the scene to work out why the Air had caught fire."
and this:
- http://www.theguardian.com/world/2013/oct/07/apfelkind-cafe-trademark-battle-apple-germany
("The key factor that inspired Römer to fight back was a gagging clause. At first the US company had offered a compromise whereby she could use the Apfelkind logo on her own franchise products but not on any electronic equipment.")
Save this garbage for Android fanboy blogs.
Apple wanting to further break into enterprise would want to purchase a piece of BB patent portfolio. Makes sense but BB leadership hates Apple and Google so much it is unlikely to sell to either.
Why make such douchy comments that have nothing to do with the thread? Do you think AI won't post about any fires or injury despite having done so every other time before? You'll be banned for being an ass, not other reason.
[/quote]
Just like you
He's a Canadian maybe ... eh?
Really?
No mentioning of these recent events?
This page really is the Pravda of the tech-world...
Toady troll.. Got any friends in the world?
No problem. In a year or two, after they burn through the billion or so, they'll be back up for sale for a lot less then they wanted this year. Microsoft and Apple will pick over the bones and be just as happy then as now. After Apple and Rockstar get done suing Googlerola maybe there will be some bones to pick over there too...
Toady troll.. Got any friends in the world?
This is roughly his 20th account here. I'd guess not.
Not needed! We will be banned soon, after all, this is the Pravda of the tech world where the likes of Dilger and Florian Muller rule supreme and where the truth is not welcome...
No, most likely you'll be banned for spam-like posts where you use massive, red, bold font to post about shit that has nothing to do with the thread, and generally being a trollish asshole. I do have to wonder what you're compensating for though, bing such a desperate attention-whore.
It's like those people that interrupt speeches with shit that has nothing to do with the topic, disturbing everyone, and believe they're being escorted out for "telling the truth".
Toady troll.. Got any friends in the world?
He's free to say anything he wants, this is an open forum. If you disagree with what he said then state why. Name calling is childish and frankly makes you look like you are supporting one side of the argument without knowing what the other side is all about. Your judging because you have this silly notion that you have to protect a multi-bilion dollar company who doesn't even know you exist except for the money they receive from you. If he's wrong, debate him, tell him why he's wrong.
I hope Rockstar ends up buying BB patent portfolio. It´s the only thing left with value.
- iPad Air EXPLODES INTO FIREBALL as terrified fanbois flee Apple Store
- http://www.washingtontimes.com/news/2013/nov/8/ipad-explodes-setting-australian-store-customers-f/
Washington Times?!