BlackBerry Pushes for Speedy Sale Process

Published on September 4, 2013
by David Benoit and Will Connors

BlackBerry Ltd., the beleaguered smartphone maker that has put itself up for sale, is aiming to run a fast auction process that could be wrapped up by November, according to people familiar with the matter.

BlackBerry announced in August that it had formed a special committee of board members to “explore strategic alternatives.” Since then, the company has held preliminary talks with parties interested in buying part or all of the company, one of the people said. It has narrowed its list of potential bidders to seek out in a sales process expected to begin soon, this person said.

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