It was rumoured last month that Cerberus Capital Management LP was interested in acquiring BlackBerry. It was also reported that cofounders Mike Lazaridis and Doug Fregin were interested in bidding. Now it appears that the two parties plan to work together to bid on the company.
Fairfax Financial Holdings already has an accepted bid of $4.6 billion, but there’s only four days left until the deal’s due diligence period expires, which means the bid could fall through, leaving BlackBerry once again for sale.
The Wall Street Journal first reported on the potential partnership. And a source told the Globe and Mail that Cerberus and Lazaridis would aim to keep BlackBerry whole and do not intend on breaking it apart to sell it off in pieces.