BlackBerry confirms it is considering a sale

BlackBerry shares jumped up nine per cent today as the company announced it would be looking into strategic alternatives to boost the deployment of its Blackberry 10 – including a possible sale of the company.

The mobile phone company reported that its board of directors has formed a special committee to explore its strategic options, including joint ventures, strategic partnerships or alliances, a sale of the company or other transactions.

BlackBerry does not plan to disclose any further information until a specific transaction is approved or the review is concluded otherwise.

Thorsten Heins, chief executive of BlackBerry, said the company would be continuing its strategy to reduce costs, find efficiencies and accelerate the deployment of the BlackBerry 10 while the board deliberated.

For more details, see the Live Blog.