10-05-2013 12:20 PM

Cisco, Google May Consider Blackberry Bid–Reuters


Reuters has come out with a story, which, if true, would seem improbably. Apparently Cisco (CSCO), Google (GOOG), and Europe's SAP have considered buying Blackberry (BBRY). Alternatively, Blackberry could be smashed into pieces and sold off for junk.
Blackerry's stock has not been able to hold the mark of $9, a bid made by Canadian finance firm Fairfax. There are two concerns about whether the bid can be completed. The first is that Fairfax will not be able to close a deal because if cannot raise the money. The other is that due diligence will prove that Blackberry's future is more terrible that has already been imagined.
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As a side show, several private equity firms which include Cerberus (the former owner of Chrysler) have asked for data from Blackberry.
It is nearly impossible to make the case that a company which is imploding as rapidly as Blackberry could have any value, even those its enterprise unit remains viable.
However reckless is may be, according to Reuters:
BlackBerry Ltd, on the block as its smartphone business struggles, is in talks with Cisco Systems, Google Inc and SAP about selling them all or parts of itself, several sources close to the matter said.
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Perhaps there is a buyer for everything,. However, that does not mean the buyers have any sense.
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