Tech Headlines

News > Technology > Tech Headlines > BlackBerry sells its German-based R&D assets

BlackBerry sells its German-based R&D assets

WATERLOO, Ontario (AP) — BlackBerry is selling its research and development department in Germany to Volkswagen Infotainment, a subsidiary of the automaker that makes interactive technology for vehicle dashboards. The companies said Thursday that the deal will shift about 200 BlackBerry employees in Bochum, Germany, to Volkswagen. The terms of the deal were not disclosed. The move comes as the Ontario-based company looks to become profitable by its 2016 financial year. BlackBerry has centralized most of its vehicle connectivity development at its QNX Software Systems division in Ottawa, Ontario. Volkswagen will assume BlackBerry's offices leases at the Bochum University Center and the Design Support Lab. BlackBerry Ltd., formerly known as Research In Motion, was once Canada's most valuable company with an $83 billion market value in June 2008, but the stock has plummeted since.

Tech Headlines

LOS ANGELES (AP) — What looks like a mini space shuttle, can fly itself for millions of miles and goes by the name...
SAN FRANCISCO (AP) — Google has unveiled its latest tablet in an apparent effort to upstage Apple's anticipated...
NEW YORK (AP) — No cable? No problem. Viewers longing to watch "Game of Thrones", "True Detective" and "Veep" will...
NEW YORK (AP) — China's half billion online shoppers will soon have an easier way to shop in the U.S. Alipay, the...
NEW YORK (AP) — Free lunches, dry cleaning, massages — frozen eggs? Silicon Valley's biggest companies have long...