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BlackBerry is Looking for a Breakup

Oct 10 2013, 7:14am CDT | by , in News | Technology News

BlackBerry is Looking for Breakup
Photo Credit: Getty Images

BlackBerry is down on its luck and weighing its options. It is almost convinced of the feasibility of a breakup. This would be how those who get its various assets would want it to be.

Until now, BlackBerry had been stuck in a deal with Fairfax. But all that has been put into suspicion since a breakup sounds more lucrative to the losing company. The Fairfax deal has been put on hold since currently cash seems to be limited. 

Companies that are interested in BlackBerry include SAP, Cisco and Samsung. However, they want parts of it and don’t want to go the whole hog in buying BlackBerry. If BlackBerry is put on the auctioneer’s block after its breakup, these companies may try to outbid another in acquiring the best divisions of BlackBerry. Even Google seems to be taking more than an inordinate interest in BlackBerry. LG and Intel are two other giants that are probing into a purchase of certain sections of BlackBerry. 

SAP wants to get its hands on certain portions, while Intel wants to acquire the highly-valued patents. In fact, there isn’t a single firm that wants to purchase all of BlackBerry. That is a paradox indeed where the parts have exceeded the whole. 

BlackBerry may still have some magic left in its decrepit business. Unless Fairfax comes up with the huge sum of $4.7 billion, it is going to be a breakup instead of a buyout for the floundering firm. There is still time left for the execs at BlackBerry to decide one way or the other what they want to do. 

Source: Bloomberg

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