Another Equity Firm Eyeing BlackBerry
Cerberus Capital Management, a private capital investment firm, has expressed interest in BlackBerry, according to sources cited by The Wall Street Journal. Cerberus is looking to sign a confidentiality agreement with BlackBerry so it can more fully assess the company's potential. BlackBerry is courting private equity companies in hopes of salvaging itself. It already has one offer on the table from Fairfax Financial, totaling some $4.7 billion. When asked to comment, BlackBerry said, "We do not intend to disclose further developments with the respect to the process until we approve a specific transaction or otherwise conclude the review of strategic alternatives."
Nokia's HERE Maps Quick to Draw Suitors
Four companies have expressed interest in acquiring Nokia's HERE Maps business, reports Reuters. A coalition of German auto makers, Audi, BMW, and Daimler, are weighing a joint bid, as are Facebook, Uber, and U.S.
BlackBerry Weighing Move to Android
BlackBerry is considering whether or not to make a smartphone based on Google's Android platform rather than its own operating system, reports Reuters. Citing sources familiar with BlackBerry's plans, Reuters says the company is working on a slider handset that would have a touch screen and a slide-out physical keyboard for typing.
Samsung Weighing BlackBerry Acquisition
Samsung has approached BlackBerry about a potential acquisition, according to a report published by Reuters. Citing people familiar with Samsung's plans, Reuters suggests Samsung would be willing to pay up to $7.5 billion for the one-time smartphone king.
Facebook Pulls Support for BlackBerry 10, BBOS
Facebook has decided to cease supporting the BlackBerry 10 and BlackBerry OS platforms. The company has chosen to discontinue its essential APIs for BlackBerry, effectively breaking the existing app.
Yahoo to Consider 'Strategic Alternatives' for Internet Biz
Yahoo has announced plans to explore strategic options for its internet business, which has struggled to turn a profit in recent years. The company said it plans to improve consumer and advertiser product quality while also increasing the number of daily users.