Friday, March 29, 2024

BlackBerry Maker Hires Law Firm for Restructuring

Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

Reuters: Unnamed sources tell Reuters that RIM has hired law firm Milbank, Tweed, Hadley & McCloy LLP to help with restructuring plans. The beleaguered BlackBerry maker may try to sell some of its assets, set up a joint venture with another company or sell licenses to some of its patents.

In its most recent quarter, RIM posted a $125 million loss. Its stock price has fallen 75 percent in the last twelve months.

Subscribe to Data Insider

Learn the latest news and best practices about data science, big data analytics, artificial intelligence, data security, and more.

Similar articles

Get the Free Newsletter!

Subscribe to Data Insider for top news, trends & analysis

Latest Articles