John Chen Says BlackBerry Has “Different Buckets of Good Assets”
In another interview with the media yesterday, new interim CEO John Chen, told the Globe and Mail that BlackBerry has “different buckets of good assets.” Essentially he was talking about their government and enterprise business, secure network, patents, BBM, QNX, and more. He went on to talk about QNX saying that: “We have all the…
BlackBerry Rumored To Have Met with Facebook About a Potential Bid
We have another interesting player in the BlackBerry bidding war. Supposedly BlackBerry execs met with Facebook at their headquarters last week according to the Wall Street Journal. They are said to have me to "gauge its interest in a potential bid for the struggling company." Neither Facebook or BlackBerry have commented on the story but…
One Week Left to Fairfax Due Diligence on BlackBerry Bid
Most BlackBerry shareholders, but not users, know that November 4th marks the end of Fairfax Financials due diligence period on their bid to acquire BlackBerry. The current offer price is $9 which is higher than BBRY is currently trading. That means we will most likely either see another bidder pop up this week or…
Coller Capital Rumored to be "In Talks" to Join BlackBerry Bid
Bloomberg is reporting that the private equity firm Coller Capital is supposedly talking with multiple bidders to team up on an offer for BlackBerry. They will be putting up some financing as part of the bid and is hoping to acquire about 10% of BlackBerrys patents for the deal. Chalk it up to another company…
BBM Rolls Out to 5 Million iOS and Android Users in 8 Hours
BlackBerry is doing a phased BBM rollout on iOS and Android after the previous failure to launch. Last night they announced on Twitter that they are opening up BBM to the “next 5 million in line.” They have sent out more emails which is interesting since BlackBerry said that 6 million people signed up for…
Yankee Group Thinks The Rumors of BlackBerrys Death Are Exaggerated
The news has been full of talk about BlackBerry going belly up recently and BlackBerrys executives have done very little beyond a letter to try and change the sentiment. Now the Yankee Group has come out and said that BlackBerrys results do not show a company heading into bankruptcy. This seems to strengthen BlackBerrys…
WSJ Claims Lenovo Actively Considering Bid for All of BlackBerry
Lenovo is once again in the news for a potential acquisition of BlackBerry. This time the DOW Jones reported that Lenovo signed an NDA and now the WSJ has it from “people familiar with the matter” that Lenovo is considering a bid for the whole company. Lenovo gave the following statement when asked about it…
Bloomberg Claims Cerberus Signs NDA with BlackBerry in Early Stages of Takeover Bid
We heard before from the WSJ that Cerberus was looking into a bid for BlackBerry. Now Bloomberg has tweeted that Cerberus has signed an NDA with BlackBerry and is “In early stages of considering a takeover bid.” Keep in mind that Cerberus is a private equity firm specializing in distressed investments. It should be telling…