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Top related persons:
Shweta Agarwal - 3 Mike Blake - 2 Chavi Mehta - 2 Morgan Stanley - 1 Perella Weinberg - 1 Grant McCool - 1 BlackBerry - 1 Greg Roumeliotis - 1
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REUTERS - 3 BlackBerry - 3 Thomson - 3 Veritas Capital - 2 Veritas - 2 Malikie Innovations - 2 Perella Weinberg Partners - 1 Bloomberg News - 1

Search resuls for: "Malikie Innovation"


4 mentions found


☆ Private equity firm Veritas makes takeover offer for BlackBerry, source says
  + stars: | 2023-08-25 | by ( Greg Roumeliotis | ) www.reuters.com   time to read: +2 min
REUTERS/Mike Blake Acquire Licensing RightsAug 25 (Reuters) - Private equity firm Veritas Capital has made an offer to buy BlackBerry Ltd (BB.TO), according to a person familiar with the matter, months after the Canadian technology company began a strategic review. Veritas and Blackberry did not immediately respond to Reuters requests for comment. Veritas has made an offer for the entire company, the source said, adding that BlackBerry is also in talks with other potential buyers. Morgan Stanley (MS.N) and Perella Weinberg Partners are acting as financial advisors to BlackBerry for the strategic review. Bloomberg News reported the talks between Veritas and BlackBerry earlier on Friday.
Persons: Mike Blake, Morgan Stanley, Perella Weinberg, Chavi Mehta, Shweta Agarwal, Grant McCool Organizations: REUTERS, Veritas Capital, BlackBerry, Veritas, Malikie Innovations, Perella Weinberg Partners, Bloomberg News, Thomson Locations: Irvine , California, U.S, Canadian, Bengaluru
☆ Private-equity firm Veritas makes a takeover offer for BlackBerry, source says
  + stars: | 2023-08-25 | by ( ) www.reuters.com   time to read: +1 min
The Blackberry logo is shown on a office tower in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake Acquire Licensing RightsAug 25 (Reuters) - Private equity firm Veritas Capital has made an offer to buy Canadian software company BlackBerry (BB.TO), according to a person familiar with the matter. Veritas and Blackberry did not immediately respond to Reuters requests for comment. It pulled the plug on its smartphones business last year and has since been trying to sell its legacy patents related to its mobile devices. In May, BlackBerry said it will continue with the previously announced sale of the patents related to its mobile devices to Malikie Innovations Limited for up to $900 million.
Persons: Mike Blake, BlackBerry, Chavi Mehta, Greg Roumeliotis, Shweta Agarwal Organizations: REUTERS, Veritas Capital, BlackBerry, Veritas, Malikie Innovations, Thomson Locations: Irvine , California, U.S, Bengaluru
☆ BlackBerry reports surprise profit on cybersecurity strength
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/File PhotoJune 28 (Reuters) - BlackBerry (BB.TO) posted a surprise profit for the first quarter on Wednesday as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain traction in automotive sector. The Canadian technology company is banking on resilient demand for its cybersecurity products on rising security threats in the information technology sector. BlackBerry reported a surprise profit of 6 cents per share for the quarter ended May 31, while analysts were expecting a loss of 5 cents per share. Revenue in the cybersecurity business unit rose 5.5% sequentially to $93 million, while revenue from licensing and other services came in at $235 million, majorly comprising of proceeds from patent sale. Waterloo, Canada-based BlackBerry earlier had announced its plans to conduct a review of strategic alternatives, including possible separation of its core businesses - cybersecurity and software systems.
Persons: Dado Ruvic, Akshita, Shweta Agarwal Organizations: REUTERS, BlackBerry, Refinitiv . Revenue, Malikie Innovation, Thomson Locations: U.S, Canadian, Refinitiv ., Waterloo, Canada, Bengaluru
☆ BlackBerry to review strategic options for its business
  + stars: | 2023-05-01 | by ( ) www.reuters.com   time to read: +1 min
May 1 (Reuters) - BlackBerry (BB.TO) said on Monday it will conduct a review of strategic alternatives, which include the possible separation of one or more of the company's businesses. The Canadian technology company's US-listed shares rose 7% in trading after the bell. BlackBerry said it has not set a timeline for the process and does not intend to disclose developments related to the review unless the board has approved a specific agreement or has ended the process. The company added it will continue with the previously announced sale of substantially all of its non-core patents and patent applications related to is mobile devices to Malikie Innovations Limited, a newly formed unit of intellectual property monetization firm Key Patent Innovations Ltd.Once known for its phones with a tiny QWERTY physical keyboard and the BBM instant messaging service, BlackBerry's core businesses today are cybersecurity and software used by automakers. Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
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