VENTURE CAPITAL POST

There were 120,000 applications available in the BlackBerry World and 47,000 of the apps offered for download were made by a single developer.

BlackBerry CEO Thorsten Heins would make USD55.6 million if he sells the corporation and is ousted from his position.

Iron Capital's analyst, Eric Jackson, said BlackBerry would continue to slump even with the reported strategic alternatives for the company.

Sources said that BlackBerry started looking for potential buyers since 2012 when it hired JPMorgan Chase & Co. and RBC Capital Markets to manage the search.

According to analysts, valuing BlackBerry right now is impossible considering the company's struggles.

BlackBerry stocks soared by 9% to US$10.08 in trading on early Friday following reports about its possible privatization.

Several sources said that BlackBerry is currently considering the possibility of taking the company private.

BlackBerry verified that three senior executive officials were removed from the company.

Sunil Lalvani, BlackBerry India's managing director said that the company was not in any kind of trouble.

Macquarie Group's analyst, Kevin Smithen, said that BlackBerry lost the capability to boost its sales due to small customer base.

BlackBerry laid off 250 employees after firing 5,000 people last year due to weak earnings.