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CISCO, GOOGLE AND SAP DISCUSSING BLACKBERRY BIDS: SOURCES

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In unconfirmed reports, the struggling cell phone company Blackberry is in talks with Cisco, Google and SAP to sell them all or parts of the company. The company which has just posted a loss of around $1 Billion for its second quarter has some positives to look at, with its security focused messaging system which holds a value of around $3-$ Billion in the market along with patents and cash investments of around $% Billions combined.

If such a deal materializes, it will be an alternative to the offer made by Blackberry’s largest shareholder Fairfax Holdings, which has made an offer of $4.7 Billion and suggested to go private. The company has been approached by potential buyers which include tech giants Intel and Asian companies LG Electronics and Samsung.

The potential buyers are vary of the fact that majority of the patent portfolio agreements of blackberry are going to expire within the next 18 months and on top of it the dismal second quarter losses have been disheartening.

All the prospective buyers are being extra cautious in their approach.

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