BlackBerry Rises on Report Company May Go Private
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BlackBerry Ltd., the Canadian smartphone maker, climbed 5.7 percent after Reuters reported that the company is considering going private.
Chief Executive Officer Thorsten Heins and the board are coming around to the idea that going private would give them the leeway to fix problems out of the public view, Reuters reported, citing unidentified sources. While there is a change of tone on the board, no deal is imminent, according to the story.