The Pension Fund which has $ 188 billion in assets and, reports to Canadian government made public statement of wanting in on private deal, joined by Alberta pension fund with $ 68 billion. These funds would not make such a statement without Minister of Finance backing them up. Behind the scenes is the Canadian government which has given the go ahead to Watsa with pension fund support to take Blackberry private for they are not going to see Wall Street destroy the Countries crown jewel.
If the World tried to bury Apple I believe US Congress, Senate and President would do something about it, just like Canadian government. Of course Canadian government is not saying anything as they do not play the stock market however politics are at play and Blackberry still employs 12,500 people plus thousands of others who depend on them. Psychologically survival of Blackberry is good for employers in Canada as it gives them hope to hire. Harper government will not allow a defeat on this as elections are in 2 years and he is neck to neck with Trudeau.
There should be a buyout announced hopefully next week if they can agree on price. Of course first bidder is Watsa and I am certain others will follow. There are 2 bids $ 22 billion and $ 23.5 billion, however Blackberry is asking for more, which is normal.
One thing I do know, shorts are finished. Pension funds are just beginning to load up with Canadian banks and Watsa, so billionaires buying while little guys are out of the way.
This is funny ..." Blackberry is asking for more than $23.5 Billion which is normal ... Lol " with 2.7 Million phone BB10 sold last quarter ( 1 million out of 2.7 from one single purchased unknown buyer ) Thorten said.
So, all around the world + US = 2.7 Miillion This is really bad .. end up lay off bunch of employees and executives... 15 business day to close out quarterlly earnings and BB put up sign for sales. Bloomberg said BB have been search for buyers nearly a year from now... Until now ... Still NO BUYER YET !!!!!
No worries my friend, they have sooooo much to offer the public with the proper CEO and marketing. I still can't get over that flaming rag head swimming and walking in the desert. #$%$ was that all about.