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Google. SAP and Cisco shows interest in buying BlackBerry


Although Fairfax’s LOI to acquire BlackBerry has time until Nov.4 for $4.7 billion, Reuters reported that Google, Cisco and SAP are interested in the troubled company.

BlackBerry signed a letter of intent with a consortium led by Fairfax Financial Holdings for $4.7 billion
BlackBerry signed a letter of intent with a consortium led by Fairfax Financial Holdings for $4.7 billion

According to the report by Reuters, Googe, SAP and Cisco Systems are in talk with BlackBerry, once a strong tech company of Canada to acquire the part o the company or the entire business. In August 2013, the company announced that it is open for partnership, sale and other options. But the initial response was dull or almost null and suddenly the company announced in last month that it had signed a Letter Of Intent with a Fairfax Financial Holdings’ consortium and it has the time until the Fairfax completes due diligence before November 4th.

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This move by the new companies interested in the acquisition is not a surprise as the BB’s market value is dropped heavily in recent times and the company still as many patented enterprise-level assets and products, which could be of more value than the smartphone business. Analysts expect that the company’s assets includes powerful services that powers its $3-$4.5 billion worth security-focused BBM messaging system, many unique patents worth around $2-$3 billion and approximately $3.1 billion might be in cash and other investments.

If Fairfax completes the deal, then it would privately regroup BlackBerry and it might re-emerge as a strong company, with a focus on smaller market share. And we say that the company should proceed with the Fairfax deal, what do you say?


About suzanne

jhostetler@incomestore.com'
Suzanne loves to cover all aspects of Technology, Online Shopping & Gadgets. She is an Ebay & Amazon seller, who provides valuable information for the successful entrepreneurship. She has also worked for the Online Media such as PC-Tablet.com and many print media - Tech Magazines in France & US.

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