BlackBerry Talks Sale

By Chris Hill and Isaac Pino, CPA – Aug 12, 2013 at 4:00PM

NYSE: BB

BlackBerry

Market Cap

$2B

Today's Change

(-3.14%) -$0.09

Current Price

$2.78

Price as of April 25, 2024, 4:00 p.m. ET

BlackBerry considers its options, including selling the company. Here's what to do about this as an investor.

BlackBerry (BB -3.14%) announced it has formed a special committee to evaluate "strategic options" that could include the sale of the company. Shares are up today, and trading at three times the normal volume.

So what's the best case scenario for BlackBerry? Is it being taken out by private equity, or being acquired by one of the big tech companies with deep pockets?

Fool analyst Isaac Pino believes being private is better for BlackBerry. And while some people are jumping on the shares today, Isaac believes investors should steer clear of the stock until the dust settles.

Chris Hill has no position in any stocks mentioned. Isaac Pino, CPA, has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.