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Blackberry abandons sell-off plan

2013-11-04 15:13:04| BBC News | Business | UK Edition

Smartphone maker Blackberry will not be sold to its biggest shareholder, Fairfax, but will instead raise fresh finance.

BlackBerry gets ready to announce new bidder or seal deal with Fairfax

2013-11-04 14:45:19| InfoWorld: Top News

BlackBerry is expected to announce a definitive merger agreement with Fairfax Financial Holdings on Monday -- or present an alternative bidder to help get the company back on track, with the latter group including the likes of Qualcomm. Six weeks have passed since a consortium led by Fairfax announced it had bid approximately $4.7 billion for BlackBerry. The terms of the bid allowed for Fairfax to conduct a six week long due-diligence investigation that ends on Monday, while allowing BlackBerry to enter into negotiations with other bidders.

Tags: with ready deal seal

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.

Tags: report bid joint considers