BlackBerry Looking To Rope In Google, Cisco, SAP For Potential Sale
Another round of big name organizations are reportedly interested in BlackBerry. According to a report in Reuters today, Cisco Systems, Google and SAP are all ‘in talks’ with BlackBerry and considering purchasing the companies assets, specifically its secure server network and patent portfolio.
In addition, the report also notes that BlackBerry ‘has asked for preliminary expressions of interest from potential strategic buyers, which also include Intel Corp and Asian companies LG and Samsung.’ This is particularly interesting as Samsung has repeatedly declared they have no interest in the Waterloo-based company.
A week ago BlackBerry announced a $4.7 billion bid from Toronto-based Fairfax Financial, but the clause still ‘entitled to go-shop’ for other potential offers. New York-based Cerberus, who apparently specializes in investing in troubled organizations, is nowhere close to closing a deal and ‘is aiming to sign a confidentiality agreement that would allow it to access BlackBerry’s private financial information.’
The WSJ also reports that there’s another ‘distressed-investing firm’ interested in snatching up BlackBerry, but the ‘person familiar with the matter’ didn’t want to disclose the name. In addition, as previously rumoured, BlackBerry co-founder, Mike Lazaridis is considering a bid for the business.
BlackBerry declined to comment on the potential investor, stating “We do not intend to disclose further developments with the respect to the process until we approve a specific transaction or otherwise conclude the review of strategic alternatives.”
