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BlackBerry Gets Sales Bids from Intel, Google, Cisco, SAP and More

Oct 5 2013, 3:53am CDT | by , in News | Technology News

BlackBerry Gets Sales Bids from  Intel, Google, Cisco, SAP and More
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BlackBerry has plans to auction itself off to the highest bidder. Several choices lie before it. Google, Intel and several other firms are among the parties interested in the deal.

While BlackBerry had a binding agreement with Fairfax Financial Holdings, it is now considering its alternatives. Such big guns as Google, Cisco, Intel, LG, SAP and Samsung have made favorable moves in the direction of BlackBerry. The company was once a success story but is now down on its luck. That is why it too has shown signs of selling itself off to one or all of these companies. 

The firms have a decided advantage which they can gain from acquiring BlackBerry. And that is via its patent portfolio and safe server reticulum. The value of these assets is unknown though. And that gets in the way of the bid(s) for BlackBerry. Couple that with the recent setbacks the company has suffered and you get a clear picture of the state it is in. 

Financial worries aside, the latest news suggests that BlackBerry’s licensing deals and patent portfolio are set to decrease by half in the next 18 months. This has further frustrated the aims of the outsider companies to acquire these assets. Their value has gone down in the eyes of the huge conglomerates. 

And while the $4.7 billion offer from Fairfax Financial Holdings still remains viable, BlackBerry is keeping its options open. BlackBerry has almost given up on pulling its own weight. The cruel blows of fate have left the company floundering. Besides an announcement regarding massive downsizing, the company’s only last hope lies on the auctioneer’s block. 

Source: Reuters

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