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.
BlackBerry Acquires Movirtu
BlackBerry today revealed it has acquired a British firm called Movirtu. Movirtu develops virtual SIM card solutions that allow multiple phone numbers to be used on a single device.
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.