According to reports two other big tech firms apart from Fairfax led consortium are showing interest in BlackBerry, Cerberus being one of them and BlackBerry has already signed an NDA with it.
Initially, Cerberus did not show much interest in BlackBerry bid, but now a tweet Bloomberg suggests that the private equity firm is the early stages of taking a BlackBerry takeover bid decision and has also signed an NDA with the BBM maker.
Recently Fairfax led consortium signed a letter of intent with BlackBerry, but allowed BlackBerry to look out for other better bidders in due course of time. Fairfax made a bid of $4.7 billion for BlackBerry, while it is not yet clear how much the private equity firm specializing in distressed investments would be willing to pay for the smartphone maker.
BlackBerry reportedly approached other potential bidders including Samsung, Intel and Google to check if the tech giants may be interested in a takeover bid. BlackBerry’s recent attempt to re-enter the smartphone market with its BlackBerry 10 smartphone did not work out as expected.
It will be quite interesting to see if BlackBerry could find a better bidder than Fairfax within the November timeframe. Just be connected to us for more fresh BlackBerry updates.
Meanwhile BlackBerry CMO Frank Boulben sent out an open letter to 30 top media companies and took out a full page advert in leading newspapers across the globe asking customers, partners and interested parties to “count” on the company during times of distress as the company has enough cash reserves to hang on without any debt.
