There is more bad news for Mobilicity today. The Globe and Mail has learned that Industry Canada has again rejected a bid for Mobilicity to be bought out. While it was known that Mobilicity was talking to the Canadian government about a potential buyout, the identity of the buyer has not been revealed. It is believed to be none other […]
Mergers and acquisitions
BlackBerry held talks with Facebook over potential bid
While SAP may have confirmed that it will not make a bid for BlackBerry, another interesting player has stepped into this saga. According to The Wall Street Journal, BlackBerry executives met last week with Facebook to “gauge its interest in a potential bid.” The outcome of these meetings was not revealed. As to what Facebook might want from a BlackBerry […]
SAP to pass on BlackBerry acquisition
It appears that there is now less less BlackBerry suitor. SAP’s name had first come up in an earlier report but SAP Chief Financial Officer Werner Brandt has now told Euro am Sonntag that his company will not try make a play for BlackBerry. “Blackberry doesn’t fit with our strategy,” he explained as SAP already offers mobile solutions. The enterprise […]
TELUS to acquire Public Mobile in “client-focused transaction”
Telus today announced that it will acquire Public Mobile, a smaller carrier that operated in Ontario and Quebec. The deal includes the carrier’s 280,000 wireless customers as well as the spectrum licenses it acquired back in 2008. “Following our review of strategic options for our organization, TELUS stood out as the company most committed to strong customer service and innovation. We […]
Lenovo making a bid for BlackBerry?
As BlackBerry’s self-imposed deadline to sell itself by November approaches, another potential suitor has emerged. According to The Wall Street Journal, Lenovo is “actively considering a bid” for BlackBerry. With a confidentiality agreement in place, Lenovo is reportedly going through BlackBerry’s books to decide whether to move forward or not. Lenovo, a Chinese company, would likely face tough scrutiny both […]
RIM co-founders Mike Lazaridis and Doug Fregin considering BlackBerry bid
BlackBerry is up for sale and one party interested in potentially buying it may be none other than the company’s co-founders, Mike Lazaridis and Douglas Fregin. Documents filed with the SEC show that not only have Lazaridis and Fregin recently increased their stake in BlackBerry from 5.7 percent to 8 percent but they may also be considering a bid to […]
List of potential BlackBerry bidders grows to include Google and others
It appears that Fairfax Financial Holdings is not the only company interested in acquiring BlackBerry or pieces thereof after all. While a letter of intent was signed for a deal worth US$4.7 billion, BlackBerry remains free to continue shopping itself around to other parties. And despite an early lack of interest, more companies are now apparently taking a closer look […]
Fairfax Financial to make BlackBerry private in US$4.7 billion deal
BlackBerry today announced that it has signed a letter of intent agreement that will see a consortium led by Fairfax Financial Holdings Limited acquire the beleaguered Canadian company in a deal worth US$4.7 billion. That works out to US$9 an outstanding share. The deal has already received the blessing of the BlackBerry Board of Directors. According to Prem Watsa, Chairman […]