Google, LG, Samsung and Intel among companies discussing BlackBerry bids

BlackBerry is in discussions to sell itself in its entirety or in parts with multiple companies including Google, Intel, Samsung, LG, Cisco and SAP. The company, which announced it was open to consider strategic options including a sale, has according to Reuters asked these companies for a preliminary expressions of interest. This would be an alternative to the $4.7 billion bid it has received from Fairfax Financial Holdings, which is also the biggest shareholder in the company. BlackBerry has also reportedly received interest from other consortiums, one of which could include its co-founder and former co-CEO Mike Lazaridis.

Things are looking bleak right now for the Canadian smartphone vendor, which posted a loss of nearly $1 billion in the latest quarter and written off significant inventory of its first BlackBerry 10 smartphone, the Z10. The company has revealed that conditions were worse than what the quarterly earnings announced with significant challenges that include a handset business that is unlikely to see light at the end of the tunnel and a declining services business. BlackBerry has also announced it was laying off 40 percent of its global workforce that would cost the company $400 million.


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