Legal Technology News

BlackBerry to Purchase Former Rival for $425 Million
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

BlackBerry, in hopes of expanding its market share and improving revenue, has reportedly entered a deal with Good Technology.

Summary: BlackBerry, in hopes of expanding its market share and improving revenue, has reportedly entered a deal with Good Technology.

If you can’t beat ’em, join ’em.

  
What
Where


CTV News reports that BlackBerry is on track to purchase Good Technology, its former rival, for $425 million in cash.

In February, BlackBerry sued Typo for infringement.

BlackBerry Ltd., a Canadian company, said that Good Technology, which is based in Sunnyvale, California, will supply complementary technology that will work on a variety of operating systems, including iOS, which is used on Apple devices.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Roughly two-thirds of Good Technology’s product activations are on Apple devices, with the remaining one-third on Windows and Android devices.

Last year, BlackBerry sued its former executive vice president of development.



BlackBerry does have its own operating system. However, it has been working to expand its product reach. For example, it has strived to integrate more closely with Samsung’s Android devices. According to The Verge, many predict that BlackBerry will actually begin releasing Android devices in the near future.

Do you think BlackBerry's numbers will improve after the deal is finalized?

View Results

Loading ... Loading ...

BlackBerry has lost market share and revenue to the Apple iPhone and the Samsung Galaxy smartphone.

In 2013, BlackBerry decided to go private.

The deal is subject to certain conditions. However, BlackBerry has stated it should receive roughly $160 million in additional revenue in the first year. USA Today adds that BlackBerry shares were up 2.5% in pre-market trading after the deal was announced.

Source: CTV News

Photo credit: Forbes



 

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Senior Antitrust Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks Senior Antitrust Associate Attorney with 7 years of experience....

Apply Now

Senior Antitrust Attorney

USA-WA-Seattle

Seattle office of a BCG Attorney Search Top Ranked Law Firm seeks Senior Antitrust Attorney with 9 y...

Apply Now

Patent Attorney

USA-DC-Washington

Washington, D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks Patent Attorney with 1 ye...

Apply Now

RELEVANT JOBS

Senior Electronic Files Specialist

USA-DC-Washington

Project Supervisor US-DC-Washington Supporting the Most Exciting and Meaningful Missions in th...

Apply now

Contract Attorney - PI and Insurance Litigation

USA-TX-Houston

This is a key role in a fast-growing law firm founded by a forward-thinking entrepreneurial lawyer. ...

Apply now

Paralegal / Office Administrator

USA-GA-Gainesville

Compensation:     $15 to $20 Hourly Employment Type:    Full-Time ...

Apply now

General Legal Counsel (Work-life balance and exciting opportunity working in-house for a tech compan

Canada-AB-Edmonton

Not your everyday legal position. Work-life balanced, yet with variety and challenge: a position you...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top