News by Luke Jones on Saturday May 23, 2015.
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BlackBerry has been struggling for several years and in that time rumors have been consistent about several companies wanting to buy the ailing Canadian giant. The company formerly known as RIM is rebounding slightly right now, but still those reports of potential buyouts persist, with the latest suggesting several companies are interesting in purchasing the brand.Indeed, the recent turnaround and profit during the first quarter of this year has piqued the interest of such companies as Xiaomi, Huawei, Lenovo, and even Microsoft. Business insiders say all companies are inquiring about BlackBerry, with Microsoft even requesting investment companies to evaluate the potential of a deal. BlackBerry CEO John Chen has said before the company is not for sale, that was during more trying times when it was being courted by Lenovo. Chen has previously met with Xiaomi chiefs, but he insisted it was not to discuss any potential takeover. Microsoft could arguably see it as a good thing to tie BlackBerry?s business clout into its Windows Phone platform, but the company would represent a risk for Redmond. Several reported have suggested BlackBerry could cost as much as $7 billion, just two years after it was rumoured Lenovo made a $1 billion bid for the company. Of course, the market dictates the price of a company, but a $7 billion buyout would be more than what Microsoft paid for Nokia's Lumia smartphone division. Of course, for that kind of money we assume Microsoft would be seeking to buy BlackBerry in its entirety. Despite all of that speculation, we would still be surprised if Chen and the BlackBerry board let go of the company now, especially when there is potential for growth over the next 18 months.
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.