Splitting up the firm and selling it on would help the company generate the most money back to shareholders, which have invested millions — if not more — into the Waterloo, Ontario-based company. From its assets list, BlackBerry's patents alone are expected to fetch a solid billion dollars, while its enterprise data network could also be sold on to the highest bidder.
It comes just a couple of months after BlackBerry said it was exploring the possibility of being sold off.
The company reported a $965 million loss in September following a massive inventory charge as a result of the poor sales of its Z10 smartphone. The smartphone maker only a week before announced it would cut 40 percent of its staff base as it continues to eat away at its vast cash reserves.
During the quarter, BlackBerry dipped form $3.1 billion in cash to $2.6 billion.
BlackBerry has until November 4 to consider alternative proposals, Bloomberg reports.
Late September, research firm Gartner said BlackBerry had "no more than six months" to consider and implement changes to its company structure and strategy, and recommended its users should seek alternatives. BlackBerry subsequently rebuffed the comments, saying they were "speculative."