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Thursday, 05 September 2013 11:09

Blackberry could be sold by November

Written by Nick Farrell

Fast track planned

It is starting to look like the troubled Blackberry company will be flogged off in a "fast" auction process by November.

According to the Wall Street Journal, a special committee of board members has narrowed its list of potential bidders since the company put itself up for sale in August, and is now pushing for quick resolution. The fact that Redmond has bought Nokia's devices business, has encouraged Wall Street to think that a buyer could be found for the troubled Blackberry.

Its shares closed up 5.3 percent on the Nasdaq and 5 percent in Toronto on Wednesday. BlackBerry has not said anything on the record about the sale.

Nick Farrell

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