BlackBerry Ltd. said it’s considering putting itself up for sale, the strongest indication yet that the smartphone maker won’t remain independent as competition erodes sales and hammers its stock price.

A special board committee will consider ways to enhance BlackBerry’s value and scale, including joint ventures, partnerships or a sale of the company, according to a statement today. JPMorgan Chase & Co. will serve as its financial adviser. BlackBerry shares gained as much as 9.1 percent in New York.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.