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Qualcomm considers joint bid for BlackBerry - report

2013-11-04 08:58:00| Telecompaper Headlines

(Telecompaper) Qualcomm is in talks to join a possible bid for BlackBerry, people familiar with the matter told the Wall Street Journal. Qualcomm is contemplating joining private-equity firm Cerberus Capital Management, which is also in talks to join Mike Lazaridis and Doug Fregin, the BlackBerry co-founders who have said they are considering a bid. The deadline for bids is 04 November, after which an auction is expected to follow. Other potential bidders include Lenovo and Fairfax Financial, Blackberry's largest shareholder which kicked off the auction process with a preliminary deal for BlackBerry in September. According to the WSJ, Fairfax still hasn't agreed financing for its offer of USD 4.7 billion. BlackBerry's bankers have reached out to other companies as well, such as Facebook, Oracle and LinkedIn, the report said.

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