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Exclusive: BlackBerry board rejected proposals to break up company – sources

09
Nov
2013

By Greg Roumeliotis and Euan Rocha NEW YORK/TORONTO (Reuters) – BlackBerry Ltds board does not believe a break-up of the Canadian smartphone maker is currently in its best interests, even though Microsoft Corp, Apple Inc and Lenovo Group Ltd, among others, have expressed interest in acquiring parts of the company, according to people familiar with the discussions. 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. Microsoft and Apple had both expressed interest in BlackBerrys intellectual property and patents, a source briefed on the matter told Reuters. BlackBerry had also held discussions with Cisco Systems Inc, Google Inc and Chinese computer maker Lenovo, among others, about selling all, or parts of itself, Reuters previously reported.

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