The Globe And Mail is reporting that BlackBerry may have other suitors after it:
Sources told The Globe and Mail’s Jacquie McNish that several parties have indicated an interest in joining a proposed $4.7-billion takeover by Fairfax Financial Holdings. But all interest is preliminary at this stage.
At the same time, The Wall Street Journal reports that Cerberus plans to sign a confidentiality pact so it can scour BlackBerry’s books. That doesn’t mean it will take a run at the embattled company, however.
If this is true, then people clearly think that BlackBerry has value. Which of course it does. The question is how much would an interested party pay for BlackBerry?
The other thing that the Globe And Mail story reports on is the contents of some documents filed with the SEC. It’s a very interesting read as it will show you what BlackBerry will have to overcome to stay relevant, or just stay in the smartphone game. Not the least of which is this:
“The decline can also be attributed to consumer preferences for devices with access to the broadest number of applications, such as those available in the iOS and Android environments,”
Read into that what you will.
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This entry was posted on October 2, 2013 at 3:26 pm and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed.
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Cerberus Among Others May Be After BlackBerry: Report
The Globe And Mail is reporting that BlackBerry may have other suitors after it:
Sources told The Globe and Mail’s Jacquie McNish that several parties have indicated an interest in joining a proposed $4.7-billion takeover by Fairfax Financial Holdings. But all interest is preliminary at this stage.
At the same time, The Wall Street Journal reports that Cerberus plans to sign a confidentiality pact so it can scour BlackBerry’s books. That doesn’t mean it will take a run at the embattled company, however.
If this is true, then people clearly think that BlackBerry has value. Which of course it does. The question is how much would an interested party pay for BlackBerry?
The other thing that the Globe And Mail story reports on is the contents of some documents filed with the SEC. It’s a very interesting read as it will show you what BlackBerry will have to overcome to stay relevant, or just stay in the smartphone game. Not the least of which is this:
“The decline can also be attributed to consumer preferences for devices with access to the broadest number of applications, such as those available in the iOS and Android environments,”
Read into that what you will.
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This entry was posted on October 2, 2013 at 3:26 pm and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.