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BlackBerry Looking At Strategic Alternatives (BBRY)

Struggling smartphone maker, BlackBerry Ltd. (NASDAQ: BBRY) said on Monday that it is mulling all strategic options like joint ventures partnerships, including putting itself up for sale. Flagging sales and dwindling market-share have hammered Blackberry shares this year. In a statement released on Monday, BlackBerry said that a special board has been commissioned which will look at all possible alternatives to arrest the downtrend in the business. BlackBerry said that J P Morgan Chase & Co will act as its financial adviser. Shares of BlackBerry rallied following this announcement.  


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