Despite rumors and suggestions that BlackBerry should sell of parts of the company, BlackBerry's board voted against such a move. Lenovo, Microsoft, Apple and others expressed interest in BlackBerry's intellectual property, but the board decided it didn't make sense for all parties involved. Breaking up the company would have caused some liabilities as they have commitments with suppliers. The board obviously felt these liabilities did not make sense.
BlackBerry instead dumped their CEO, took a $1 billion loan, and asked ex-Sybase CEO John Chen to take over. Chen has a solid record of turning Sybase around so the board is banking on him doing the same for BlackBerry.
The board rejected proposals from several technology companies for various BlackBerry assets on grounds that a break-up did not serve the interest of all stakeholders, which include employees, customers and suppliers in addition to shareholders, said the sources, who did not want to be identified as the discussions were confidential.
BlackBerry instead dumped their CEO, took a $1 billion loan, and asked ex-Sybase CEO John Chen to take over. Chen has a solid record of turning Sybase around so the board is banking on him doing the same for BlackBerry.