Showing posts with label blackberry. Show all posts
Showing posts with label blackberry. Show all posts
Friday, January 24, 2014
BlackBerry Enters into Letter of Intent with Consortium led by Fairfax Financial.Sells the Co for $4.7 billion.
BlackBerry Enters into Letter of Intent with Consortium led by Fairfax Financial. Sells the Co for $4.7 billion.
Press Release:
- BlackBerry shareholders would receive U.S. $9 per share in cash
- Transaction valued at approximately U.S. $4.7 billion
- Consortium permitted 6 weeks to conduct due diligence
- BlackBerry entitled to go-shop during due diligence period, subject to payment of a termination fee in the event alternative offer accepted
Waterloo, ON – BlackBerry Limited today Sept 23th, 2013 announced it has signed a letter of intent agreement (“LOI”) under which a consortium to be led by Fairfax Financial Holdings Limited (“Fairfax”) has offered to acquire the company subject to due diligence.
The letter of intent contemplates a transaction in which BlackBerry shareholders would receive U.S. $9 in cash for each share of BlackBerry share they hold, in a transaction valued at approximately U.S. $4.7 billion. The consortium would acquire for cash all of the outstanding shares of BlackBerry not held by Fairfax. Fairfax, which owns approximately 10 percent of BlackBerry’s common shares, intends to contribute the shares of BlackBerry it currently holds into the transaction.
The BlackBerry Board of Directors, acting on the recommendation of a special committee of the board of directors (the “Special Committee”), approved the terms of the LOI under which the consortium, which is seeking financing from BofA Merrill Lynch and BMO Capital Markets, would acquire BlackBerry and take the company private subject to a number of conditions, including due diligence, negotiation and execution of a definitive agreement (the “Definitive Agreement”) and customary regulatory approvals.
The Special Committee, chaired by Director Tim Dattels, was formed in August 2013 to review strategic alternatives for the company. J.P. Morgan and Perella Weinberg are acting as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP and Torys LLP are acting as legal advisors.
Diligence is expected to be complete by November 4, 2013 (“Diligence Period”). The parties’ intention is to negotiate and execute a definitive transaction agreement by such date. During such period, BlackBerry is permitted to actively solicit, receive, evaluate and potentially enter into negotiations with parties that offer alternative proposals (“Alternative Transactions”).
If (A) during the Diligence Period (i) BlackBerry enters into any letter of intent or definitive agreement providing for an Alternative Transaction, (ii) BlackBerry ceases to negotiate
with the consortium in good faith with a view to entering into the Definitive Agreement by the end of the Diligence Period, or (iii) an Alternative Transaction is publicly proposed or publicly announced and is consummated within 6 months following the end of the Diligence Period, or (B) during the 3 month period following the end of the Diligence Period, BlackBerry enters into any agreement providing for an Alternative Transaction with a person with whom discussions were held before or during the Diligence Period, then BlackBerry shall pay Fairfax a fee of U.S. $0.30 per BlackBerry share, provided, however, that no such fee shall be payable if the consortium shall have reduced the price offered below U.S. $9.00 per share without the approval of the board of directors of BlackBerry. In the event that a definitive agreement is signed with Fairfax the termination fee will increase to U.S. $ 0.50 per share.
Barbara Stymiest, Chair of BlackBerry’s Board of Directors, said: “The Special Committee is seeking the best available outcome for the Company's constituents, including for shareholders. Importantly, the go-shop process provides an opportunity to determine if there are alternatives superior to the present proposal from the Fairfax consortium.”
Prem Watsa, Chairman and CEO of Fairfax, said: “We believe this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employees. We can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to BlackBerry customers around the world.”
In addition to the consortium and its lenders being satisfied with all aspects of the due diligence to be carried out by them during the Diligence Period and the negotiation and execution of a binding definitive agreement approved by the board of BlackBerry, completion of the transaction will be subject to other customary conditions, including receipt of required regulatory approvals. There can be no assurance that due diligence will be satisfactory, that financing will be obtained, that a definitive agreement will be entered into or that the transaction will be consummated.
BDT & Company, LLC, BofA Merrill Lynch and BMO Capital Markets are acting as financial advisors, and Shearman & Sterling LLP and McCarthy Tétrault LLP are acting as legal advisors to Fairfax in connection with the transaction.
About BlackBerry
A global leader in wireless innovation, BlackBerry® revolutionized the mobile industry when it was introduced in 1999. Today, BlackBerry aims to inspire the success of our millions of customers around the world by continuously pushing the boundaries of mobile experiences. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Asia Pacific and Latin America. BlackBerry is listed on the NASDAQ Stock Market (NASDAQ: BBRY) and the Toronto Stock Exchange (TSX: BB). For more information, visit www.blackberry.com.
Media Contact:
BlackBerry Media Relations
519-888-7465 x77273
Thursday, January 2, 2014
Cerberus Capital Management LP a distressed investing specialist Company wants to check out Blackberry.
WorldWide Tech & Science. Francisco De Jesùs.
Cerberus is aiming to sign a confidentiality agreement that would allow it to access BlackBerry’s private financial information, one of the people said. Cerberus, which specializes in distressed investing, may well opt against pursuing a bid.
Cerberus Capital Management LP has expressed interest in BlackBerry Ltd, according to people familiar with the matter, as the smartphone maker seeks a buyer to rescue the company.
WSJ
Cerberus
Friday, November 29, 2013
Android leads Internet mobile users traffic.Chart. Q3-2013.
WorldWide Tech & Science. Francisco De Jesùs.
According to webindex , in two short years Android has blown up the mobile market, going from 142m users (57% market share) to 709m users. This incredible growth is surely one of the most rapid marches to market dominance in history. iOS has also grown substantially from 75m users in Q2 2011 to 232m users in Q3 2013 (19% market share). The big loser is Symbian, which has fallen from a 20% market share to 5% in just two years. This is followed by Blackberry (down to 5% share) and Windows Mobile (6% market share), although Windows Mobile has recently started to grow again in 2013.
Interestingly, “Don’t know” has fallen from 20% market share to 5% market share, indicating how important the OS experience has become to users.
These results underline how mobile operating systems have radically reshaped the internet experience. Today, thanks to OS integration of internet services (e.g sharing via Twitter), in-built aggregation tools and the central positioning of app stores means the operating system is increasingly defining how we use the internet. This has far-reaching impacts across all aspects of digital behavior and can be crystalized in the example of the growth of messaging apps such as WhatsApp, Snapchat and Line. No longer do we need one service to do it all;operating systems promote the usage of an increasing number of services that do one thing, and do it well.
Tuesday, November 19, 2013
Video: RIM introduces the Elite BlackBerry Porsche design P99982 BB10.2 smartphone.
Video: RIM introduces the Elite BlackBerry Porsche design P99982 BB10.2 smartphone.
Have an exclusive new look at the new Porsche Design P'9982 from BlackBerry. The Inside BlackBerry blog brings you the first official unboxing video.
Have an exclusive new look at the new Porsche Design P'9982 from BlackBerry. The Inside BlackBerry blog brings you the first official unboxing video.
Juergen Gessler, CEO of the Porsche Design Group had this to say in the press release:
“Engineered Luxury meets Powered Performance – what has been true for the first Porsche Design smartphone is even truer for the all-touch P’9882. Once again the collaboration with BlackBerry has led to a device that implements our Iconic Style credo without compromises. With the P’9982 we extend our range of modern luxury smartphones and establish ourselves as a market leader in this segment”
The P’9982, which extends the Porsche Design luxury brand’s range of modern luxury smartphones, features a satin finished frame forged from the finest quality stainless steel, complemented by a hand-wrapped genuine Italian leather back door. The back door of the limited edition model is hand-wrapped in genuine Crocodile leather. Distinguishable by its special series of PIN numbers, owners of the P’9982 will be instantly recognizable in the exclusive world of Porsche Design smartphone owners. The smartphone carries Porsche Design’s luxurious, iconic styling uniquely through the BlackBerry 10 experience to give you an exquisite handset purposely built to excel at mobile communications, messaging and productivity.
“The new all-touch P’9982 smartphone combines a unique design from an iconic brand with the power of BlackBerry 10. Every aspect of this smartphone has been purposely designed and built for a powerful premium experience.”
Said Alistair Hamilton, Senior Vice President of Design at BlackBerry
Highlights:
The new P’9982 smartphone comes with a customized version of the powerful BlackBerry 10.2 OS, and comes with the key BlackBerry 10 features you’ve come to know:
- BlackBerry Priority Hub – BlackBerry Hub is the one place to manage all your conversations and notifications. The new BlackBerry Priority Hub intelligently filters messages to give you instant access to the conversations and content most essential to you, helping you stay organized and focused on the most important tasks.
- BlackBerry Keyboard – The BlackBerry Keyboard learns how you type, what words you use, and can correct your mistakes on-the-fly. It can also give you next-word suggestions that you can simply flick into your message, helping you type perfect text, every time.
- BBM Video with Screen Share – BBM Video with Screen Share takes video chatting further by letting you simply swipe to share what’s on your display. With BlackBerry Natural Sound your BBM Voice and Video calls will sound like you are in the same room.
- Camera Time Shift mode and BlackBerry Story Maker – The camera’s Time Shift mode starts capturing your picture before you even take it, giving you the power to pick the perfect moment. BlackBerry Storymaker lets you take a collection of photos and videos, and add music and effects, to create an HD movie that you can instantly share.
- BBM Now in any app – BlackBerry 10 continues to refine the unique communications experience of the platform. If a BBM message arrives, you can instantly reply to the message without even leaving the app you’re in.
- Apps for the Porsche Design customer – The BlackBerry World storefront showcases essential apps for the P’9982 smartphone customer, including productivity apps, games, videos and music based on what apps you’ve downloaded. Get the best on BlackBerry World, uniquely suited to you.
Accessories:
Find your individual look with exclusive Porsche Design accessories that have been specially selected to perfectly complement your new P’9982 smartphone. Inbox, you’ll find everything you need including the premium stereo headset, a polishing cloth, USB cable for high-speed data transfer and an international charging kit. The P’9982 smartphone also offers exclusive after market accessories including handcrafted backdoors made from fine Italian leather that are available in three colors, so you can choose a look to express your individuality.
Availability:
The Porsche Design P’9982 smartphone from BlackBerry will be available from Porsche Design stores, select carriers and retailers around the world beginning on November 21 with the exclusive retail launch at Harrods, Knightsbridge, London. In the UK, it will also be available from Carphone Warehouse and Selfridges. The limited Crocodile edition will be available beginning early December, and will be exclusive to the Porsche Design shop-in-shop at Harrods.
Source:BlackBerry
Thursday, November 14, 2013
What's new in BBM for iOS, v1.0.4.133 update?
What's new in BBM for iOS, v1.0.4.133 update?:
November 14th, 2013
- Support for iPhone, iPod and iPad;
- Invite BBM contacts to BBM Groups by Email;
- 'Tell your friends’ feature helps you connect with friends on BBM;
- Quickly share your BBM PIN and PIN barcode to your social networks;
- Fixes an issue where some users would be missing BBM Contact names;
- Resolves some issues experienced in right to left language support;
- Bug fixes and performance improvements.
Description
The OFFICIAL version of BBM™ is now here for iPhone. Get the real BBM app for the best way connect with friends and family. Download it now.
•Chat with friends on iPhone and other smartphones
•BBM lets you protect your privacy. You control it.
•Chat and share with many at once.
•Create your own BBM profile.
Chat with friends on iPhone and other smartphones:
•BBM is always on and always connected – no app to open
•Know when messages have been delivered (D’s) and read (R’s)
•Share photos, files, documents, voice notes and more
•See when contacts are responding to your message
•Emoticons for every mood and emotion let you express yourself
BBM lets you protect your privacy. You control it:
•You chose how to share your information - BBM uses PINs instead of phone numbers or email addresses so that it's more private, and you always control who can contact you
•You chose your contacts – 2-way opt-in means you have control over who is able to message you
Chat and Share with many at once:
•Groups – BBM groups help you share pictures, lists, and appointments with group members. You can even be in a group with people who aren't part of your own BBM contact list.
•Multi-person chats – Invite multiple contacts to have a chat together.
•Broadcast messages – Send a message to multiple BBM contacts at one time.
Create your own BBM profile:
•Post a profile picture using images, pictures or even animated pictures (GIFs).
•Update your status to let people know what you’re up to or how you feel.
•Chat with friends on iPhone and other smartphones
•BBM lets you protect your privacy. You control it.
•Chat and share with many at once.
•Create your own BBM profile.
Chat with friends on iPhone and other smartphones:
•BBM is always on and always connected – no app to open
•Know when messages have been delivered (D’s) and read (R’s)
•Share photos, files, documents, voice notes and more
•See when contacts are responding to your message
•Emoticons for every mood and emotion let you express yourself
BBM lets you protect your privacy. You control it:
•You chose how to share your information - BBM uses PINs instead of phone numbers or email addresses so that it's more private, and you always control who can contact you
•You chose your contacts – 2-way opt-in means you have control over who is able to message you
Chat and Share with many at once:
•Groups – BBM groups help you share pictures, lists, and appointments with group members. You can even be in a group with people who aren't part of your own BBM contact list.
•Multi-person chats – Invite multiple contacts to have a chat together.
•Broadcast messages – Send a message to multiple BBM contacts at one time.
Create your own BBM profile:
•Post a profile picture using images, pictures or even animated pictures (GIFs).
•Update your status to let people know what you’re up to or how you feel.
Download from iTunes: BBM. Keep in mind that the application is now fully compatible with all iPhone, iPad and iPod Touch devices powered by iOS 6.0 and up.
Buy iPhone 5S unlocked and iPad Air:
Wednesday, November 13, 2013
Q3 2013: Android tops worldwide mobile OS shipments with 81%,Apple`s iOS 12.9%,WP 3.6% (+156%),BB 1.7%.
Q3 2013: Android tops worldwide mobile OS shipments with 81%,Apple`s iOS 12.9%,WP 3.6% (+156%),BB 1.7%.
Google's Android operating system reached a new milestone during the third quarter of 2013 (3Q13), according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. With a total base of 211.6 million smartphone units shipped during the quarter, Android accounted for 81.0% of all smartphone shipments, marking the first time that Android topped 80% in its short history. Despite high saturation rates in a number of mature markets, the overall smartphone space grew 39.9% year-over-year in the third quarter.
Also reaching a milestone was Microsoft's Windows Phone, which grew an amazing 156.0% year over year. Granted, volumes started from a small base of 3.7 million units a year ago and overall market share is still less than five percent. But Microsoft's efforts, with Nokia's support behind it, helped drive the platform into multiple tiers and price points.
"Android and Windows Phone continued to make significant strides in the third quarter. Despite their differences in market share, they both have one important factor behind their success: price," said Ramon Llamas, Research Manager with IDC's Mobile Phone team. "Both platforms have a selection of devices available at prices low enough to be affordable to the mass market, and it is the mass market that is driving the entire market forward."
Smartphone average selling prices (ASPs) have continued to decline as the appetite for more affordable devices grows. ASPs were down -12.5% in 3Q13, accounting for an average price of $317. At the same time, the market has seen a large influx of large-screen smartphones (5-7” screens), also known as phablets. Large-screen devices generally come with a higher selling price than smaller screen devices, due to the need for more powerful and expensive components. Phablet ASPs in 3Q13 were notably higher than the market average at $443. However, the 3Q13 ASP was down -22.8% from the $573 phablet ASP in 3Q12.
"Almost all successful Android vendors have added one or more 5-7-inch phablets to their product portfolios," said Ryan Reith, Program Director with IDC's Worldwide Quarterly Mobile Phone Tracker. "And Nokia’s recent announcement of the Lumia 1320 and 1520 put them in the category as well. In 3Q13, phablet shipments accounted for 21% of the smartphone market, up from just 3% a year ago. We believe the absence of a large-screen device may have contributed to Apple's inability to grow share in the third quarter."
Operating System Highlights
Android pushed past 80% market share for the first time in 3Q13, a testament to its broad and deep list of vendors, including four of the top five vendors worldwide. While Android, as a whole, moved forward, the vast majority of its vendors still struggle to find meaningful market share. Samsung accounted for 39.9% of all Android shipments for the quarter, while the rest of the vendors either saw single-digit market share or, in the case of the majority of vendors, market share of less than 1%.
iOS, despite seeing its total volumes increase and reaching new record third quarter volumes, saw its market share decline during 3Q13, most likely due to soft demand in the weeks leading up to the launch of iOS 7 smartphones. Still, if the 9 million units sold during the last week of September is any indication of future adoption, iOS stands to reap another record quarter in terms of volumes, market share, and year-over-year growth.
Windows Phone posted the largest year-over-year growth worldwide of any of the leading operating systems, a result primarily driven by the support of Nokia. By itself, Nokia accounted for 93.2% of all the Windows Phone-powered smartphones shipped during the quarter, marking a new milestone in the company's short history on the Microsoft platform. Participation from other vendors, meanwhile, still seemed a mixed bag with more vendors participating from a year ago, but volumes still far behind Nokia's own.
BlackBerry recorded the largest year-over-year decline among the leading operating systems during 3Q13. Underpinning its results was softer demand for its new BB10 operating system and continued demand for its older BB7 within emerging markets. Now with a new CEO in place and an infusion of $1 billion, what remains to be seen is how and when the beleaguered operating system will be able to change course in the face of mounting pressure from Android, iOS, and Windows Phone.
Monday, November 4, 2013
RIM BlackBerry abandons sales bids process, Seeking new CEO. New US$1 Billion investement.
RIM BlackBerry abandons sales bids process, Seeking new CEO. New US$1 Billion investement.
Today on the breaking news coming from the canadian site theglobeandmail RIM company of Blackberry brands mobiles is abandoning the sales bids process of the mobile division in order to reshuffle the Company with a fresh capital investement of US$1 billion from the original investor Fairfax Financial Holdings Ltd. Fairfax had until today to complete its detailed examination of BlackBerry’s books.
The new plan will involve raising roughly $1-billion by selling convertible notes to a group of investors, according to people familiar with the transaction. Chief executive officer Thorsten Heins will depart the company, and the company will announce changes to its board, the people said.
John Chen, the former chief of Sybase Inc., will be appointed executive chairman of the board, responsible for the company's "strategic direction, strategic relationships and organizational goals."
He will be interim CEO when Mr. Heins leaves.
"BlackBerry is an iconic brand with enormous potential -- but it's going to take time, discipline and tough decisions to reclaim our success," said Chen in a statement. "I look forward to leading BlackBerry in its turnaround and business model transformation for the benefit of all of its constituencies, including its customers, shareholders and employees."
Before BlackBerry, Chen served as chairman and CEO of Sybase, an enterprise and mobile software company acquired in 2010 by SAP.
Shares of BlackBerry dropped 19 percent to $6.33 in premarket trading. The company will raise the money with a private placement of convertible debentures.
BlackBerry's largest shareholder, Fairfax Financial Holdings Ltd, will take up $250 million of the debentures.
Fairfax announced a tentative $9-a-share offer for the Waterloo, Ontario-based company in late September. But Reuters said on Friday that Fairfax was struggling to finance the $4.7 billion bid.
The process attracted interest from various sources, including a potential group bid from private-equity firm Cerberus Capital Management, Mr. Lazaridis and chipmaker Qualcomm Inc.
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