BlackBerry sale may be wrapped up as soon as November - WSJ

Reuters
The trading symbol for Blackberry is seen on a screen on the floor at the New York Stock Exchange
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The trading symbol for Blackberry is seen on a screen on the floor at the New York Stock Exchange, April …

(Reuters) - BlackBerry Ltd's board hopes to run a "fast" auction process that could result in a sale of the company by November, the Wall Street Journal said, citing people familiar with the matter on Wednesday.

A special committee of board members has narrowed its list of potential bidders since the company put itself up for sale in August, and is now pushing for quick resolution, the newspaper said.

Microsoft's deal to take over Nokia's devices business revived optimism that the smartphone maker, which is bleeding market share to Apple Inc and Samsung Electronics Co Ltd, can also unearth a willing buyer. Its shares closed up 5.3 percent on the Nasdaq and 5 percent in Toronto on Wednesday.

BlackBerry declined to comment on rumour and speculation.

(Editing by Andre Grenon)

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