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Qualcomm may be bidder for ailing BlackBerry
Local chip-maker had $11.5 billion in cash a few months ago
According to a story in the Wall Street Journal that later appeared in the New York Times and on Bloomberg News, a consortium that includes Qualcomm, private equity firm Cerberus Capital Management, and BlackBerry's cofounders, Mike Lazaridis and Doug Fregin, is preparing a bid for the ailing company.
BlackBerry once was the leader in smartphones but has fallen far behind Apple's iPhone and a number of devices that use Google's Android operating system.
People theorizing on the possible deal feel Qualcomm could be a member of the possible bidding group because it has experience in wireless and is a large corporate entity that could backstop BlackBerry's losses. Monday is the deadline for any bid.
Here's something you might be interested in.
Qualcomm may be bidder for ailing BlackBerry
Local chip-maker had $11.5 billion in cash a few months ago
Qualcomm may be bidder for ailing BlackBerry
Local chip-maker had $11.5 billion in cash a few months ago
According to a story in the Wall Street Journal that later appeared in the New York Times and on Bloomberg News, a consortium that includes Qualcomm, private equity firm Cerberus Capital Management, and BlackBerry's cofounders, Mike Lazaridis and Doug Fregin, is preparing a bid for the ailing company.
BlackBerry once was the leader in smartphones but has fallen far behind Apple's iPhone and a number of devices that use Google's Android operating system.
People theorizing on the possible deal feel Qualcomm could be a member of the possible bidding group because it has experience in wireless and is a large corporate entity that could backstop BlackBerry's losses. Monday is the deadline for any bid.
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