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Cerberus and Mike Lazaridis Considering Joint Bid for BlackBerry

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The days are ticking down towards the end of Fairfax Financial’s due diligence period on BlackBerry. Now we have rumors of BlackBerry founder and former co-CEO considering a joint bid for BlackBerry with equity firm Cerberus. This is coming from the Dow Jones after rumors that Cerberus signed an NDA previously together with Mike Lazaridis and Douglas Fregin looking into a bid. This looks like a bid to keep BlackBerry in one piece instead of splitting it up. More of a turnaround effort though they would need serious capital.

3 total comments on this postSubmit your comment!
  1. If ThinkPad maker, China’s Lenovo Ltd., makes the highest bid for BlackBerry, and the market is as free as the public is told, then Lenovo wins and BB shareholders — and employees — get the best deal possible, no matter what the Harper or Obama governments think should be done.
    However, if the market is not deemed free, then BB should be nationalized at a fair price, making Canada a cellphone superpower thanks to BB patents and, compared to competitors, unbelievable security.

  2. BackBerry must not go private! They are on the way back wth the release of cross platform BBM. They should capatilize on this and widen their foot hold in comsumer space.

    • Sorry pal, that BBM cross platform ship has sailed and they are too late, BBM by itself now maybe but BlackBerry needs a lot of help and they realized that.

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