Blackberry sales up

Blackberry shares are up nearly 5% this afternoon following news that its’ CEO and Board of Directors are warming to the idea of taking the company private.

Shares are now trading in toronto at $9.96. Several industry experts speculated yesterday that a move to go private is being considered, but no deal is imminent.

Blackberry shares have been volatile, rising to as high as $18.49 in February to a low of $8.80 at the end of July.

Marvin Ryder from the Degroote School of Business explains what it all means.

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