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BlackBerry Board Rumored To Have Hired Perella Weinberg To Advise on Sale Options

 BlackBerry Canada

It seems like the BlackBerry Board is doing some serious due diligence about a possible sale of the company. THe latest is from the WSJ that claims that BlackBerry’s Board has hired Perella Weinberg Partners to advise on a sale. They already announced awhile back that they hired JP Morgan to advise but this could just be some double checking. It could be also due to potential conflicts by shareholders making a bid for the company.

Also of interest is that BlackBerry is supposedly lobbying the government to waive their foreign takeover rules which lets the government review any buyout over $344 million. On top of that we have rumors that Fairfax Financial and another source are having only initial talks with Canadian investment funds on a privatization of the company.

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  1. Hopefully HP isn’t a potential suitor …

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