BlackBerry to be acquired by Veritas Capital

Did you know BlackBerry was still a thing? I certainly didn't. They stopped making phones back in 2016 and have since reinvented themselves operating two businesses, one in cybersecurity software and the other in IoT products. This has caught the eye of equity bros Veritas Capital, who are rumoured to have placed a bid to purchase the company in full. They may have some competition though, Blackberry are reportedly courting other suitors and have already agreed to sell their mobile device patents to Malikie Innovations Limited for US$900m. As an aside, Blackberry the movie, which was recently playing at MIFF, is and incredible dramatised look at the company's rise & fall that I highly recommend you watch.


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