BlackBerry Reaches Out to Cisco, Google, and Others Regarding Sale

Though BlackBerry has received a $4.7 billion bid from a consortium led by Fairfax Financial Holdings, the company continues to seek out alternatives. Reuters reports that the smartphone maker has reached out to several major companies asking for preliminary expressions of interest. Among those companies contacted are Cisco, Google, Intel, LG, Samsung, and SAP.

None of the contacted companies has so far commented on BlackBerry’s overtures, according to Reuters. It’s hard to see what some of the organizations would gain from acquiring the beleaguered BlackBerry; Google already has its Android operating system and Samsung is a leading manufacturer of Android smartphones. If an offer does materialize, it will likely be for a partial acquisition of the business and focused on BlackBerry’s secure server network and various patents.

BlackBerry has signed a letter of intent with Fairfax, but the company can still investigate other options before the expected completion of due diligence in early November. If Blackberry does go with another buyer, then it will have to pay a cancellation fee to Fairfax. Aside from the above companies, private equity firm Cerberus Capital Management LP is reported to have expressed interest in the struggling smartphone maker. Whatever happens, BlackBerry is looking to wrap up a sale soon, before its fortunes fall any further.

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