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BlackBerry Shares Halted, News Pending

Sam Ro   

BlackBerry Shares Halted, News Pending

Blackberry CEO Thorsten Heins

Timothy A. Clary/AFP

Research in Motion CEO Thorsten Heins

Trading in BlackBerry shares have been halted pending news.

Just last week, Reuters reported that BlackBerry management was looking into taking the company private.

Chief Executive Thorsten Heins and the company's board is increasingly coming around to the idea that taking BlackBerry private would give them breathing room to fix its problems out of the public eye, the sources said.

"There is a change of tone on the board," one of the sources said on Thursday.

Despite offering new products, BlackBerry has struggled to compete with other players in the smartphone market including Apple and Samsung.

Shares of BBRY are down 17% since the beginning of the year.

More to come...

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