BlackBerry (BB.TO) announced a strategic examination on Monday that may lead to company splits.
As a result, US-listed shares rose nearly 11% post-bell.
BlackBerry, formed in 1984 and making pagers, said it has no timeline for the review and would not disclose progress unless the board accepts a transaction or cancels the process.
The company went public in 1997, and executives, legislators, and fans used its business telephones in the early 2000s. The business sold its mobile device patents after shutting down last year.
After delays, BlackBerry said on Monday that it would sell the rights to Malikie Innovations Limited for up to $900 million.
Key Patent Innovations Ltd. produced Malkie to commercialize IP.
BlackBerry specializes in cybersecurity and car software.
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