Reuters has come out with a story, which, if true, would seem improbable. Apparently Cisco Systems Inc. (CSCO), Google Inc. (GOOG) and Europe's SAP A.G. (SAP) have considered buying BlackBerry Ltd. (BBRY). Alternatively, BlackBerry could be smashed into pieces and sold off for junk.
BlackBerry's stock has been unable to hold the mark of $9, a bid made by Canadian finance firm Fairfax Financial Holdings. There are two concerns about whether the bid can be completed. The first is that Fairfax will be unable to close a deal because it cannot raise the money. The other is that due diligence will prove that BlackBerry's future is more terrible that already has been imagined.
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As a sideshow, several private equity firms, including Cerberus (the former owner of Chrysler), have asked for data from BlackBerry.
It is nearly impossible to make the case that a company that is imploding as rapidly as BlackBerry could have any value, even though its enterprise unit remains viable.
However reckless is may be, according to Reuters:
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BlackBerry Ltd, on the block as its smartphone business struggles, is in talks with Cisco Systems, Google Inc and SAP about selling them all or parts of itself, several sources close to the matter said.
Perhaps there is a buyer for everything. However, that does not mean the buyers have any sense.
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