Fairfax Financial, a Canadian financial firm that owns 10 percent of BlackBerry shares, led a consortium with an offer to buy the company.
Latest from Larry Dignan
BlackBerry will have to sell itself quickly if it has much hope keeping enterprise customers in the fold. Analysts expect the Z10 meltdown to impact the company's mobile device management dreams.
There are a lot of perils to seeking strategic alternatives while you're trying to mount a comeback. BlackBerry will like to pretend that it's business as usual during the process, but uncertainty will persist.
Thorsten Heins, CEO of BlackBerry, tried to recast the company narrative around enterprise mobility management instead of devices.
BlackBerry said bringing its latest platform to the PlayBook wasn't worth the time and effort given the other company's opportunities.
BlackBerry 10 appears to be off to a solid start, but to be a long term winner popular applications have to keep up with other platforms. That reality means BlackBerry developers may be adding features.
BlackBerry's surprise fourth quarter profit was attributed to the Z10 launch and cost cutting. Future financial health for BlackBerry may roll with the uptake of BES 10 and the company's mobile device management efforts.
BlackBerry is estimated to post losses for the foreseeable future, but analysts seem confident that the company and its latest devices can carve a niche in the consumer and enterprise markets.
Research in Motion said its first quarter would be bad. It turned out to be worse. And now the BlackBerry 10 platform will slip into the first quarter of 2013.
RIM is set up for a triple whammy that may require the company to shed most of its employees just to survive as a niche security device maker.