by Christopher Freeburn | October 7, 2013 10:23 am
Sources 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.
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.
Source URL: https://investorplace.com/2013/10/cisco-google-sap-in-talks-to-buy-blackberry-bits/
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