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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Business

BlackBerry will evaluate its business strategy.

The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration ... The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration ... The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

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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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