BTW, grab a look at this video:
BlackBerry has scrapped its plan to split into two independent companies, including pursuing an initial public offering (IPO) for its IoT business unit. Instead, the Canadian tech giant has chosen to reorganise itself into two distinct internal divisions: one focusing on its cybersecurity ...
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1. BlackBerry has announced that it has abandoned its plan to spin off its Internet of Things (IoT) business into a separate entity. (Source: CNBC)2. The company had initially proposed the spin-off in August 2020 as a way to focus on its core businesses and unlock value for shareholders. (Source: The Verge)
3. BlackBerry's IoT business includes its QNX operating system, which is used in a variety of industrial and automotive applications. (Source: ZDNet)
4. The decision to scrap the spin-off plan comes after BlackBerry reported a net loss of $1.2 billion in its fiscal 2021 fourth quarter. (Source: Bloomberg)
5. The company has been facing significant challenges in its IoT business, including increased competition and declining revenue. (Source: The Globe and Mail)
[+] (Please check back for more updates.)
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