Microsoft To Buy Blackberry At $7bn? Sounds Steep
Blackberry has done a half decent job of slowing its decline into irrelevance, diversifying its product lines and spreading its software further. Its the services division which offers the biggest glimmer of hope for the business though, with mobile device management, messaging security and its embedded software offering some marketable assets to tempt buyers.
Tempting in those buyers seems to be the only prospect that Blackberry has for the future. Although rumoured interest from Samsung hasn't materialised, it hasn't stopped the whispering. Now Microsoft is the apparent suitor, with the services division being a big enough drawer to coax $7bn out of the Microsoft war chest.
That's more than Microsoft paid for Nokia. And it seems awfully high. Especially when you look for value from that purchase.
Personally I'd be happier to hear that Microsoft was considering an acquisition of Nokia's Here Maps division. That hasn't even begun to be conjecture yet. Either way, it looks like Satya Nadella sees a route out of Microsoft's past problems leading in a similar direction to that being followed by Marissa Meyer at Yahoo.
I think one of them has a decent shot at success.