BlackBerry Considers Sale of Company

Not doing well in the smart phone wars

One of the most recognizable names in smartphones could be up for sale.

BlackBerry will form a special committee to review "strategic alternatives" including a potential sale of the company, the latest blow to the troubled smartphone maker.

In a statement released Monday, the committee will also weigh potential joint ventures and other partnerships in an effort to boost interest in its line of BlackBerry 10 devices.

"Given the importance and strength of our technology, and the evolving industry and competitive landscape, we believe that now is the right time to explore strategic alternatives," says Timothy Dattels, chairman of BlackBerry's special committee, in a statement.