Will BlackBerry Sell as a Whole Deal or By the Slice?
The BlackBerry (NASDAQ:BBRY) sale drama continues, and this time, it looks like potential bidders may be interested in divvying up the company rather than signing off on the whole thing.
These days, it seems like BlackBerry’s future plans change hourly, and it’s still unclear as to what direction buyers will ultimately go. It once look like the company’s largest shareholder, Fairfax Financial Holdings, was ready to launch a rescue deal orchestrated by its boss Prem Watsa, but now a new report from Reuters suggests that it won’t be a rescue at all. In fact, a couple bidders may be in the process of carving up the company — and they might not even include Fairfax.
According to a Reuters report Friday, a handful of private equity firms are interested in dividing up BlackBerry, buying certain divisions of the company, but not all of them. Most of the highlighted firms are especially interested in BlackBerry’s impressive patent portfolio around its keyboard, along with its famed operating system, but few seem particularly keen on its hardware business.