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BlackBerry in talks to sell company to Google, Cisco, or SAP
Posted By Smruti Ranjan On October 5, 2013 @ 12:25 AM In BlackBerry | 2 Comments
With the ongoing loss and its new smartphones struggling in the market, Ontario based smartphone company BlackBerry is in talks with Google Inc, SAP and Cisco Systems for a whole or partial sell out. The BlackBerry NASDAQ and Toronto Stock Exchange stocks are witnessing a rise as the sell out news is spreading.
As per the reports published on Reuters, companies like Intel Corp, Samsung and LG expressed interest as preliminary buyers for BlackBerry Ltd. But it also seems that everyone is reconsidering their options as BlackBerry’s newest innovations are not performing well; with very few pockets holding up the BlackBerry Z10.
While it is sure that BlackBerry, if not going for total sell out, will sell part of its company which includes its secure serve network and the patents. According to analysts, the patents will value around $2-3 Billion and the secure servers are valued $3-4.5 Billion. The world knows how much secure server networks BlackBerry have and that’s why many companies will be eying for those first.
American private equity firm Cerebrus Capital has shown interest in the BlackBerry deal and also sought confidential agreement from BlackBerry. With this agreement Cerebrus will be able to examine BlackBerry books & internal operations, which makes Cerebrus a prospect buyer of BlackBerry. Cerebrus Capital has been an active business acquirer in America from several years and it has sizable investments in almost every domain.
BlackBerry which reported had a quarterly loss of $1 Billion due to its flop-flagship product Z10, had recently announced of organizational restructuring, which will cut its 4,500 jobs globally. In August, company announced that it is reconsidering various options for the sell out.
Let’s just wait and watch who bags the multi-billion dollar deal and whether the acquisition will be able to give new direction to the BlackBerry brand.
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 Image: https://dottech.org/wp-content/uploads/2013/10/blackberry.jpg
 Reuters: http://www.reuters.com/article/2013/10/05/us-blackberry-buyers-idUSBRE99400220131005
 ValueWalk: http://www.valuewalk.com/2013/08/blackberry-ltd-bbry-sale-of-company/
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