BlackBerry To Spin Off IoT Business, IPO Expected Next Year

The tech company joins other major corporations that have recently decided to separate business units to form distinct, publicly traded companies to allow for more targeted investments and operations.

"Separating our principal businesses will improve our ability to create value for all our stakeholders," said John Chen, executive chair & CEO of BlackBerry, adding that the "new proposed structure will further increase both their operational agility and ability to focus on ...

Publisher: Investopedia

Author: Naomi Buchanan

Twitter: @Investopedia

Reference: (Read more) Visit Source