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BlackBerry Announces Strategic Split for Enhanced Value

October 4, 2023 by Newsdesk

BlackBerry has shared an update on “Project Imperium,” their portfolio review. The Board, assisted by advisors, Morgan Stanley and Perella Weinberg Partners, is considering strategic options to enhance shareholder value.

The prime decision is to split IoT and Cybersecurity units into separate entities for better evaluation and strategic focus. A subsidiary IPO is planned for IoT, a market leader in foundational automotive software, targeted for the first half of the next fiscal year.

BlackBerry aims to enhance stakeholder value through this separation.

Want to know more? Check out the source code on Newswire.ca. Image: University of Waterloo.

Filed Under: News Tagged With: BlackBerry

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