Cerberus interested in BlackBerry

Oct 02, 2013 by Rob Gillies
The New York headquarters of Cerberus Capital Management, a private equity group on May 15, 2007

Private equity firm Cerberus is interested in taking a look at BlackBerry's books as a prelude to a possible bid for the troubled smartphone company.

Cerberus is looking to sign a confidentiality agreement with BlackBerry that would allow it to access the company's private information, an official familiar with the situation said Wednesday on condition of anonymity. The official spoke on condition of anonymity because the person was not authorized to discuss the private talks.

BlackBerry announced last month that Fairfax Financial Holdings Ltd. signed a letter of intent that "contemplates" buying BlackBerry for $9 a share, or $4.7 billion. Fairfax, BlackBerry's largest shareholder, is trying to attract other investors. BlackBerry is allowed to look for other buyers while Fairfax conducts six weeks of due diligence.

Explore further: BlackBerry co-founder 'in joint bid talks'

not rated yet
add to favorites email to friend print save as pdf

Related Stories

BlackBerry co-founder 'in joint bid talks'

Sep 21, 2013

One of BlackBerry's co-founders has held talks with private equity firms about making a joint bid for the struggling Canadian smartphone maker, The Wall Street Journal reported Saturday.

Fairfax says it won't abandon BlackBerry bid

Sep 26, 2013

The head of Fairfax Financial Holdings Ltd. said Wednesday he has every intention of completing the acquisition of BlackBerry, despite doubts that the $4.7 billion deal for the troubled smartphone maker will ...

BlackBerry unveils new Z30 smartphone

Sep 18, 2013

Struggling smartphone maker BlackBerry has unveiled its new Z30, touting it as the company's biggest, fastest and most advanced smartphone.

Recommended for you

Netflix unveils new way to share recommendations

15 hours ago

Netflix is giving its Internet video subscribers a more discreet way to recommend movies and TV shows to their Facebook friends after realizing most people don't want to share their viewing habits with large ...

Job listing service ZipRecruiter raises $63 million

Sep 01, 2014

ZipRecruiter, a California start-up that tries to simplify tasks for recruiters, has raised $63 million in initial venture capital funding as the 4-year-old service races to keep up with growing demand.

User comments : 0