Blackberry is once again in the news for possible acquisition. The Canada-based telecommunication had showed profitability from December 2014 to February 2015 following its recent corporate restructuring.
The DigiTimes reported that Microsoft, Xiaomi, Lenovo, Huawei and other Chinese handset vendors are being named as possible investors. The Chinese companies are planning to expand their business in the US and Europe, while improving their products and patent portfolios. However, it will not be a smooth ride of them as they will have to pass the scrutiny of US and European regulatory agencies. Moreover, the main concern remains that of national security.
Meanwhile, the reports state that Microsoft asked investment companies to look at possibilities of taking over BlackBerry, which also has several patents in the Internet of Vehicles (IoV) portfolio, mobile platform and communication sectors.
Another possible reason for Microsoft’s interest behind acquiring BlackBerry is that the business focus of the former Canadian giant has shifted to software from hardware. BlackBerry’s software products complement Microsoft’s according to sources.
The move comes after BlackBerry recently announced that it will lay off number of jobs across the world and will consolidate its device software, hardware and applications business. It was not clear where and how many people will be given the pink slip, but the company said that the consolidation is “impacting a number of employees around the world”.
Furthermore, Blackberry also said that it was altering resources to capitalise on growth opportunities and achieve profit across all areas of business.
Reports indicate that the company is downsizing in their smartphone department, however, it is hiring people in sales and marketing sections. The company’s site lists 90 job openings that include 69 in North America and 31 in Waterloo.