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| Blackberry shares jump on talk of a shareholder buyout | Blackberry shares jump on talk of a shareholder buyout |
| (35 minutes later) | |
| Shares in smartphone maker Blackberry jumped more than 5% in New York following a report that the company is considering a major shift in strategy. | |
| According to a Reuters report, Blackberry's management is considering taking the company private, which means buying out existing shareholders. | According to a Reuters report, Blackberry's management is considering taking the company private, which means buying out existing shareholders. |
| Going private would allow the company to reorganise its business without the pressure of shareholder scrutiny. | Going private would allow the company to reorganise its business without the pressure of shareholder scrutiny. |
| Blackberry has been losing money after failing to keep up with its rivals. | Blackberry has been losing money after failing to keep up with its rivals. |
| Last month the company's chief executive said that Blackberry was on the right and track, but needed more time to fix its problems. | Last month the company's chief executive said that Blackberry was on the right and track, but needed more time to fix its problems. |
| If Blackberry decided to go private it would have to find partners who could raise the billions of dollars need to buy out existing shareholders. | If Blackberry decided to go private it would have to find partners who could raise the billions of dollars need to buy out existing shareholders. |
| That could prove difficult as the company has been struggling. | That could prove difficult as the company has been struggling. |
| In its most recent quarter, Blackberry lost $84m (£54m) and expects to lose more money in the three months to the end of September. | In its most recent quarter, Blackberry lost $84m (£54m) and expects to lose more money in the three months to the end of September. |
| Blackberry launched two all-new smartphones this year, the touchscreen Z10 device, followed by the Q10, with a mini keyboard favoured by many Blackberry users. | Blackberry launched two all-new smartphones this year, the touchscreen Z10 device, followed by the Q10, with a mini keyboard favoured by many Blackberry users. |
| But some analysts have been disappointed by the sales of Blackberry's new phones. | But some analysts have been disappointed by the sales of Blackberry's new phones. |
| Blackberry's managers will have noted the experience of computer maker Dell. | Blackberry's managers will have noted the experience of computer maker Dell. |
| Founder Michael Dell is trying to buy out shareholders to help reorganise the firm. | Founder Michael Dell is trying to buy out shareholders to help reorganise the firm. |
| But the plan resulted in a painful struggle with some shareholders accusing him and his partners of undervaluing their shares. | But the plan resulted in a painful struggle with some shareholders accusing him and his partners of undervaluing their shares. |