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."