BlackBerry said to be destined for breakup, phone business called ‘essentially worthless’ »

BlackBerry said to be destined for breakup, phone business called ‘essentially worthless’ »:
With BlackBerry getting desperate, a new report claims that a breakup may be inevitable at this point. BlackBerry is beyond difficult to value right now but according to some industry watchers, any remaining value plummeted when BlackBerry announced it is exploring a possible sale. "You’re effectively killing that business by saying ‘I’m up for sale,’ " Red Sky Capital Management's Brian Huen told Bloomberg on Wednesday. "Nobody is interested in buying the entire entity. I think they are now in the phase of saying, ‘We will do anything to maximize value, including breaking up the company.’ "

Continue reading...