Qualcomm “in talks” to join BlackBerry founders in bid for company

Qualcomm logoChipmaker Qualcomm is "in talks" to join a group that may attempt to purchase BlackBerry. The group includes BlackBerry founders Mike Lazaridis and Doug Fregin, who already made their interest in purchasing the company known three weeks ago.

Lazaridis and Fregin had hired Goldman Sachs and Centerview Partners to help them evaluate their options. Now, "Cerberus Capital Management LP is near an agreement to jointly pursue a bid for BlackBerry" with Lazaridis and Fregin, a Wall Street Journal report drawing from "people familiar with the matter" said today.

What is perhaps most surprising is that Qualcomm "is also in talks to join the potential Cerberus group." Qualcomm is already one of the giants of the smartphone industry, with its chips powering phones from HTC, Sony, LG, Nokia, Samsung, Motorola, BlackBerry, and others. But it's not a smartphone maker itself, having sold its phone business to Kyocera in 2000.

The potential bid for BlackBerry is by no means definite. BlackBerry has already agreed to go private in a $4.7 billion deal with a group led by Fairfax Financial Holdings Limited. The deal, announced Sept. 23, allowed BlackBerry a six-week due diligence period in which it could find a more attractive buyer.

"The jockeying among possible bidders comes on the eve of a Monday deadline for BlackBerry buyout offers," the Journal wrote. "The Canadian company and its advisers set the deadline to coincide with one for Fairfax Financial Holdings Ltd. to solidify its preliminary offer for the company."

The Cerberus/Lazaridis/Fregin/Qualcomm group could have competition from another big name. A Journal article two weeks ago said Lenovo was also considering a bid for BlackBerry.

Source: Ars Technica

Tags: BlackBerry, Qualcomm

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Galaxy Note10 really is built around a 6.7-inch display
You may still be able to download your content
Facebook, Messenger and Instagram are all going away
Minimize apps to a floating, always-on-top bubble
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
The 2001 operating system has reached its lowest share level
The entire TSMC 5nm design infrastructure is available now from TSMC
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (15)