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Cisco, Google, SAP in Talks to Buy BlackBerry Bits

It has received a bid to purchase the entire company

   

blackberry 630 rimmSources tell Reuters that a number of technology companies are discussing the possible acquisition of parts of BlackBerry (BBRY). The report sent BlackBerry shares surging more than 3% in Monday morning trading.

Potential suitors for elements of the struggling handset maker’s operations including Google (GOOG), SAP (SAP) and Cisco (CSCO). BlackBerry has solicited a number of other companies including Intel (INTC), Samsung and LG in an effort to drum up potential bids.

T-Mobile to Stop Stocking BlackBerry Phones in Stores
T-Mobile to Stop Stocking BlackBerry Phones in Stores

Last month, BlackBerry announced that it was putting itself up for sale. It has received a $4.7 billion bid from Fairfax Financial Holdings, but is apparently looking for alternative deals.

Once the dominant player in the smartphone market, BlackBerry was reduced to a niche player as global smartphone sales exploded after the debut of Apple‘s (AAPL) iPhone and devices running Google’s Android operating system.

BlackBerry recently announced a $1 billion quarterly loss after consumers turned their backs on its new Z10 smartphone.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/cisco-google-sap-in-talks-to-buy-blackberry-bits/.

©2016 InvestorPlace Media, LLC

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