Google, SAP and Cisco had been in discussions to possible acquire struggling smartphone maker BlackBerry, said a Reuters report.
Tags: BlackBerry
Lenovo-BlackBerry deal will have obstacles - sources
According to sources familiar with the matter, any deal that Chinese computer maker Lenovo would push through with BlackBerry would cause regulatory hurdles.
BlackBerry to take out ads to talk directly to the consumers
BlackBerry Chief Marketing Officer said the firm had taken one page ads to communicate with its consumer base.
BlackBerry co-founders show interest purchasing the struggling smartphone maker
BlackBerry's co-founders had showed interest in acquiring the struggling smartphone manufacturer, said a report by The Economic Times.
BlackBerry more open to company breakup
BlackBerry, a Canada based struggling smartphone manufacturer, had been more open to a company breakup amid concerns that its biggest shareholder Fairfax Financial Holdings Ltd would not be able to find funds or partners for a proposed USD4.7 billion buyout deal.
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BlackBerry's shares increased because of rumored interest from Cerberus Capital. The report of a second expression of interest in BlackBerry shares of stock caused its values to its heart.
According to a Bloomberg report, BlackBerry became so desperate to find a possible buyer for the struggling smartphone maker which resulted to an agreement to pay its biggest shareholder a rare breakup fee.
After more than dismal last quarter financial reports, BlackBerry is contemplating its exit from the smartphone market.
Industry watchers did not look too kindly on BlackBerry's move to focus on its enterprise customers.
Analysts and industry executives gave their take on the USD 4.7 billion buyout offer for BlackBerry on Reuters Instant View.
BlackBerry sales continued to plunge even as the company seeks a USD 4.7 billion privatization deal.
Prem Watsa, the Canadian Warren Buffett, expressed confidence as to his consortium's bid for the floundering Canadian smartphone maker.
The USD4.7 billion bid by Fairfax for BlackBerry would be backed up by loans, equity investments and its own shares in the smartphone maker.
BlackBerry's valuation by Fairfax Holdings was set at 20% the book value, including cash. Once valued at USD83 billion, the Canadian smartphone maker Blackberry Ltd had declined to record the lowest ever valuation for a technology or telecommunications takeover for a North American firm.
