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BlackBerry Ltd. has no acquisition offers on the table as Chief Executive Officer John Chen seeks to remake the company.

The handset and mobile software-and-services provider is instead focused on turning its ailing business around independently, and its chances of success are “better than 80/20,” Chen said in a Bloomberg Television interview with Emily Chang.

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I don’t have any offers on my desk

Since taking over the Waterloo, Ontario-based company in November, Chen has been winning over investors with a turnaround strategy that has included cutting costs, selling most of the company’s property in Canada and building revenue from business services and its BBM instant-messaging service to compensate for declining handset sales.

“I don’t have any offers on my desk,” Chen said in the interview. “If people would like to talk, I mean, talk is not an offer.”

The recovery may be threatened by a pact between Apple Inc. and International Business Machines Corp. to collaborate on business services. That encroaches on a key component of Chen’s overhaul: shifting the company from flagging smartphone sales toward software-based services for corporations, which generate higher margins.