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Blackberry In Talks with Several Tech Firms: Sources To Reuters

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According to Reuters, citing several sources familiar with the matter as saying, BlackBerry Ltd (NASDAQ: BBRY), is negotiating with Google Inc. (NASDAQ: GOOG), Cisco Systems Inc. (NASDAQ: CSCO) and SAP AG (ADR) (NYSE: SAP), to sell its entire or partial stake.

Last month, the struggling smartphone maker received a takeover bid from Fairfax Financial Holdings, which is Blackberry’s biggest stakeholder. The private equity firm offered Blackberry $4.7 billion to take it private; nonetheless, doubt persists whether the deal will materialize due to financial problems.

Accordingly, the Waterloo, Ontario-based company has asked for preliminary expression of interest from several complies, which include, Intel Corp, LG and Samsung Electronics.

However, it is still unclear which party will show interest, Reuters reported.

According to Reuters, many tech firms are interested in buying Blackberry’s secure server network along with its portfolio of patents. However, possible bidders are skeptical over its valuation given the fact that the Company posted a huge quarterly loss, few days ago.

Blackberry has also received expression of interest from some other private equity firms lately, which includes Cerberus Capital Management. Cerberus has asked Blackberry to provide some more financial details about its various business divisions. However, the process could take some time as right now Blackberry is focused on taking bids from industry peers, Reuters reported, citing sources familiar with the matter.








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Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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