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Report: BlackBerry cannot find a buyer for the whole, will likely have to break up company to sell

Written by Andre Yoskowitz (Google+) @ 15 Sep 2013 13:22 User comments (2)

Report: BlackBerry cannot find a buyer for the whole, will likely have to break up company to sell According to Reuters, a handful of private equity firms are looking into BlackBerry, but there has so far been a very lukewarm response to buying the whole company.
Instead, the buyers seem interested in different parts of the struggling smartphone maker.

The company is currently valued at just above $5 billion, but in a break up could be worth upwards of $10 billion. BlackBerry's assets include the "services business that powers its security-focused messaging system, worth $3 billion to $4.5 billion; a collection of patents that could be worth $2 billion to $3 billion; and $3.1 billion in cash and investments."

Of course, the hardware business is worthless, but will cost up to $2 billion to liquidate entirely.

The report says at least five PE firms have "signed confidentiality agreements or have agreed to meetings with the company to gain access to the company's books." The sale process will likely start in a few weeks.

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2 user comments

115.9.2013 20:17

meh failure...

217.9.2013 4:39

be bad for this to happen, I don't know why they don't just drop the Q10 and get the Z10 out there forget about tablets and get blackberry back into the business side.

And do software and servers stuff that helps out the hardcore business stuff like in database and remote access etc.

iOS and Android are utter crap at that stuff currently. and with everything all geared for kids and games they hardly have much in the way for hardcore business users.

1 of the board members has already said the company could keep going but can't act they they need the whole market.

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