HindustanTimes Sun,26 Oct 2014

BlackBerry bidders may want to carve up business

Reuters  New York, September 16, 2013
First Published: 00:21 IST(16/9/2013) | Last Updated: 00:24 IST(16/9/2013)

A handful of potential bidders, including private equity firms, are lining up to look at BlackBerry Ltd, but initial indications suggest that interest is tepid and buyers are eyeing parts of the Canadian smartphone maker rather than the whole company, several sources said.


Private equity firms are mostly interested in businesses such as it’s operating system and the patents around its keyboard, two of the sources said.

However, one possibility is for a Canadian pension fund to team up with an investor to buy the whole company, which is currently worth a little more than $5 billion, a source said.

BlackBerry’s biggest shareholder, Fairfax Financial Holdings, has approached several large Canadian investment funds about forging a deal to take the smartphone maker private, Reuters reported last week.

Fairfax has a 10% stake, and its chairman and CEO Prem Watsa, has left BlackBerry’s board already to avoid any possible conflict of interest.

more from Business

Telcos may raise tariffs to pay for spectrum costs

Industry body COAI has said mobile tariffs may go up soon as telecom operators are expected to pass on to customers the burden of spectrum cost they will incur in the upcoming auction.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved