Reuters: BlackBerry open to going private

|About: BlackBerry Ltd. (BBRY)|By:, SA News Editor

Sources tell Reuters Thorsten Heins and BlackBerry's (BBRY) board are "increasingly coming around to the idea that taking BlackBerry private would give them breathing room to fix its problems." Michael Dell must be smiling somewhere.

The news service cautions BlackBerry "has not launched any kind of a sale process," and that getting financing could be tough. $3.1B of BlackBerry's $4.8B market cap is covered by cash/investments, but the company is also posting losses and hardly fits the profile of a traditional LBO target.

A source also states BlackBerry has talked to P-E firm/Michael Dell partner Silver Lake about "potential collaboration in enterprise computing." Those talks reportedly didn't involve "any buyout or other transaction-related discussions."

Shares could get a lift from the report, particularly given BlackBerry's still-heavy short interest.