Investment firm Veritas Capital offered BlackBerry to buy the entire company. The manufacturer is also negotiating the deal with other potential buyers, Reuters writes citing a source.
Amid related news, BlackBerry shares rose 18.06% to $5.23 per share at close of trading. The company’s market capitalization was $3.05 billion.
BlackBerry was founded in 1984. The company became known for its smartphones in the early 2000s. It was the first to introduce features like push notifications and instant messaging.
BlackBerry’s share in the international market reached 20% and more than 50 million devices were sold per year. The company no longer makes phones and has focused on cybersecurity and IoT products.
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