BlackBerry reportedly wants to sell itself by November

The struggling mobile phone maker is aiming for a quick auction process, says the Wall Street Journal.

BlackBerry CEO Thorsten Heins.
BlackBerry CEO Thorsten Heins. Sarah Tew/CNET

BlackBerry wants to cut a deal to sell itself to a prospective suitor before November rolls around, according to the Wall Street Journal.

Citing "people familiar with the matter," the Journal reported late Wednesday that the Canadian phone maker has already been chatting with parties interested in buying all or part of the company. A list of potential candidates has been whittled down with the actual sales process expected to start soon, one of the sources said.

Lenovo is expected to make a play for BlackBerry. Other Asian tech firms also are reportedly eyeing the company. Financial firms such as Canada Pension Plan Investment Board and Bain Capital are on the list as well, the Journal's sources said. BlackBerry is also likely to find itself split with more than one suitor taking over different parts of the company, the Journal added.

A BlackBerry spokesperson told CNET that the company won't comment on rumors or speculation.

About the author

Journalist, software trainer, and Web developer Lance Whitney writes columns and reviews for CNET, Computer Shopper, Microsoft TechNet, and other technology sites. His first book, "Windows 8 Five Minutes at a Time," was published by Wiley & Sons in November 2012.

 

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