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BlackBerry Says Sale of Real Estate Nets $278M

May 5, 2014, 7:48 AM by Eric M. Zeman

BlackBerry today announced it has come to an agreement with Spear Street Capital, LLC to sell the bulk of its real estate holdings for about $278 million. BlackBerry announced its intent to sell its office space and surrounding properties in Waterloo, Canada, in January. According to BlackBerry, it will close on sales covering 80% of its properties by the end of this month, with the remaining 20% of properties scheduled to close during the third quarter. BlackBerry is selling more than 3 million square feet of office space - some of which it will lease back - as well as vacant lands. BlackBerry CEO John S. Chen has been on an aggressive push to reduce expenses while also finding a way forward for the ailing smartphone maker.

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Bababooey

May 5, 2014, 7:05 PM

Just a thought....

Imagine having a BB with the ability to load Android as an option. Kind of like a dual boot thing...or give the users freedom of choice to either stick with the BB OS or switch over to Android?

It can't hurt. What's the worse that can happen to this sinking ship?

The Victor

you get people that think they know what theyredoing and completel destroy the phone and give it a bad review that everyone sees and goes off of and makes hat so called "sinking ship" sink even faster

T Bone

Phones do not have enough RAM or hard drive space to make dual booting practical.

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