Cisco, Google, SAP in Talks to Buy BlackBerry Bits

by Christopher Freeburn | October 7, 2013 10:23 am

Cisco, Google, SAP in Talks to Buy BlackBerry Bits

blackberry 630 rimm 300x232 Cisco, Google, SAP in Talks to Buy BlackBerry Bits[1]Sources tell Reuters that a number of technology companies are discussing the possible acquisition of parts[2] of BlackBerry (BBRY[3]). 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[4]), SAP (SAP[5]) and Cisco (CSCO[6]). BlackBerry has solicited a number of other companies including Intel (INTC[7]), Samsung and LG in an effort to drum up potential bids.

Last month, BlackBerry announced that it was putting itself up for sale. It has received a $4.7 billion bid from Fairfax Financial Holdings[8], 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[9]) iPhone and devices running Google’s Android operating system.

BlackBerry recently announced a $1 billion quarterly loss[10] after consumers turned their backs on its new Z10 smartphone.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/01/blackberry-630-rimm.jpg
  2. are discussing the possible acquisition of parts: http://www.reuters.com/article/2013/10/05/us-blackberry-buyers-idUSBRE99400220131005
  3. BBRY: http://studio-5.financialcontent.com/investplace/quote?Symbol=BBRY
  4. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  5. SAP: http://studio-5.financialcontent.com/investplace/quote?Symbol=SAP
  6. CSCO: http://studio-5.financialcontent.com/investplace/quote?Symbol=CSCO
  7. INTC: http://studio-5.financialcontent.com/investplace/quote?Symbol=INTC
  8. $4.7 billion bid from Fairfax Financial Holdings: http://investorplace.com/2013/09/finally-blackberry-sold-to-fairfax-financial-holdings/
  9. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  10. recently announced a $1 billion quarterly loss: http://investorplace.com/2013/09/blackberry-earnings-bbry-fairfax-earnings/

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