{"id":40904,"date":"2023-08-28T08:19:42","date_gmt":"2023-08-28T12:19:42","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=40904"},"modified":"2023-08-29T10:02:58","modified_gmt":"2023-08-29T14:02:58","slug":"blackberry-in-talks-with-veritas-for-buyout","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/blackberry-in-talks-with-veritas-for-buyout\/","title":{"rendered":"BlackBerry in talks with Veritas for buyout"},"content":{"rendered":"<p data-ar-index=\"1\">Private equity firm Veritas Capital is reportedly in talks to buy BlackBerry Ltd, according to a person familiar with the matter. The talks are ongoing and there is no guarantee that a deal will be reached, the person said.<\/p>\n<p data-ar-index=\"2\">If a deal is reached, it would mark the end of an era for BlackBerry, which was once a leading smartphone maker. The company has since pivoted to software and cybersecurity, but it has struggled to keep up with rivals like Apple and Google.<\/p>\n<p data-ar-index=\"3\">Veritas Capital is a technology investor that has a history of buying and turning around struggling companies. The firm is known for its long-term investment approach and its focus on operational improvement.<\/p>\n<p data-ar-index=\"4\">A buyout by Veritas Capital would give BlackBerry the resources it needs to invest in its software and cybersecurity businesses. It would also provide the company with a stable ownership structure, which could help it attract new customers and partners.<\/p>\n<p data-ar-index=\"5\">BlackBerry shares rose 17% on the news of the talks. The company&#8217;s market capitalization is currently about $3.1 billion.<\/p>\n<p data-ar-index=\"6\">The sources for this piece include an article in <a href=\"https:\/\/www.reuters.com\/markets\/deals\/veritas-is-said-consider-takeover-offer-blackberry-source-2023-08-25\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private equity firm Veritas Capital is reportedly in talks to buy BlackBerry Ltd, according to a person familiar with the matter. The talks are ongoing and there is no guarantee that a deal will be reached, the person said. If a deal is reached, it would mark the end of an era for BlackBerry, which [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[76],"class_list":["post-40904","post","type-post","status-publish","format-standard","hentry","category-companies","tag-blackberry"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/40904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=40904"}],"version-history":[{"count":2,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/40904\/revisions"}],"predecessor-version":[{"id":40906,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/40904\/revisions\/40906"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=40904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=40904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=40904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}