Tag: BBRY

Lenovo Group Limited (HKG:0992) has signed a non- leak contract to study BlackBerry Ltd (NASDAQ:BBRY) ‘s faces regulatory obstacles, if it bids for all of the firm but expected to go in parts, revealed by people having knowledge of the matter said on Thursday.
In August the Canadian company said it was looking into opportunities that could comprise a complete sale or in parts. And the trouble smartphone maker has since been associated with a series of probable purchasers from private equity companies to competitor technology firms.
While other sources also revealed to Reuters that many companies are interested in  Canadian firm are Germany’s SAP AG, Cisco Systems Inc and Google Inc to buy it all, or parts of the firm. But none of the buyers has made comment on their interest in the firm.
Up till now none of  the interested parties have  yet made any official bid, however, these parties may not be interested in purchasing the entire company, say experts. They are looking forward to acquire the parts that would facilitate their business. It is also expected these parties may also paired in bids for the firm, depending on their need in the company network and hardware assets.
Such a deal would be an alternative to an initial $9 on each share bid made by a group led by its largest investors Fairfax Financial Holdings Ltd. While the company co-founders Douglas Fregin and Mike Lazaridis earlier this month, said they were also believe a bid for acquiring the firm.
The sale of the entire firm or some of its assets will probable endure hard regulatory evaluation in both Washington and Ottawa.
If the most vital asset of the company is considered, security experts say believe, the protected network handles huge amount of classified government and corporate emails on daily basis, due to this reason it is expected to be sold to a North American firm. But its handset business is expected to be sold to an Asian device maker. BlackBerry Ltd (NASDAQ:BBRY) shares surged 0.95% to $8.28 in current session.