Reasoning that its components are worth more than the sum of its parts at this point, BlackBerry is said to be considering selling the company piecemeal.
With financing for a proposed $4.7 billion buyout from Fairfax Holdings in doubt, BlackBerry is weighing offers from SAP, Cisco Systems and Samsung, all of whom are interested in buying parts of the company, according to a report in Bloomberg . BlackBerry has until Nov. 4 to consider other proposals while Fairfax tries to obtain financing
BlackBerry offered the following statement on the matter:
The Special Committee, with the assistance of the Company’s independent financial and legal advisors, is conducting a robust and thorough review of strategic alternatives. We do not intend to disclose further developments with respect to the process until we approve a specific transaction or otherwise conclude the review of strategic alternatives. Read more...
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