BlackBerry Sale Likely to be Wrapped up by November

Last month Techvibes reported that Blackberry was forming a special committee to “explore strategic alternatives.”

The five-person unit headed up by Timothy Dattels and including Blackberry CEO Thorsten Heins was set to examine potential partnerships or alliances with other companies, possible joint ventures or even a sale of the company.

The news wasn’t entirely surprising. And at the time, Reuters opined “Even if it tried, BlackBerry could find it hard to come up with a buyer and the funding to go private. With the company still posting losses and bleeding subscribers, private equity firms and other buyers may not want to step up.”

But details about an eventual sale of BlackBerry are slowly but surely starting to pick up steam.

The Wall Street Journal reported yesterday that members of the BlackBerry’s board are aiming to run a fast auction process which could be finalized as early as November. The newspaper goes on to say that BlackBerry has narrowed its list of potential buyers, with the sales process expected to begin soon.