“It doesn’t look like suitors will be coming out of the woodwork to bid for BlackBerry now that it’s exploring a possible sale,” Cadie Thompson reports for CNBC.
“Instead, it’s more likely the handset maker will be a part of a private equity buyout or will sell off parts of its business, analysts say,” Thompson reports. “‘Private equity is probably the best chance,’ said Brian Colello, a senior equity analyst at Morningstar. ‘If you are talking about an acquisition by another party, Lenovo was rumored in the past, but I think there are regulatory concerns.'”
“Regulatory concerns aren’t the only reason a direct purchase by another handset maker may be blocked,” Thompson reports. “The Canadian government views BlackBerry as a source of national pride and probably will want to keep its patents and the company as a whole, Colello said on CNBC’s ‘Squawk on the Street’ on Monday… Colin Gillis, a technology analyst for BGC, said in a note Monday that his firm did not see any obvious strategic buyers for BlackBerry, as Apple, Google and Microsoft have their own platforms. Samsung may have some interest, because it might aim to reduce its dependence on Google’s Android operating system, he added.”
Read more in the full article here.
MacDailyNews Take: The stench of death is usually a tough sell.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]