BlackBerry Courting More Buyers Including Google
Declaring that BlackBerry had been sold to Fairfax Financial Holdings for $4.7 billion might have been a bit premature. A report from Reuters says that BlackBerry’s sale is far from finalized and the beleaguered smartphone manufacturer is talking to more interested parties about a sale including SAP, Cisco Systems and Google.
While BlackBerry has a preliminary agreement to sell to Fairfax, that isn’t a finalized deal. Since the announcement of the sale in late September, BlackBerry has reached out to potential buyers including the three companies mentioned above, Intel, LG and Samsung. Private equity company Cerberus Capital Management is also said to be interested.
It hasn’t been reported if any of those companies will bid but BlackBerry is looking for all bids to be submitted this week. All companies reported as potential buyers declined to comment to Reuters about any interest in BlackBerry.
A BlackBerry company filing last week says that the company’s patent portfolio could halve in value over the next 18 months. It’s currently valued at anywhere from $1 billion to $3 billion. The most highly-valued of the company’s assets is the BlackBerry Enterprise infrastructure which includes its secure servers and BlackBerry messenger.
Well, a friend of mine in the finance sector told me that BlackBerry stockholders were concerned that Fairfax was getting a sweet deal at $9 per share. It looks like they may have to do a bit more work to buy the company and keep it whole. I suppose that’s the next question: Who buys BlackBerry and what parts are they buying? At my day job, they don’t allow Android phones for corporate use because of security concerns. It’s complete speculation but I wonder if Google makes a play for BlackBerry Enterprise servers to make a play for the corporate sector that has eluded them.
Source: Yahoo/Reuters
Posted on October 8, 2013, in Tech and tagged BlackBerry, Business, RIM. Bookmark the permalink. Leave a comment.



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