Thursday, October 10, 2013

Will it be Buyout or Breakup for BlackBerry? - John Paczkowski - News - AllThingsD

Another stark BlackBerry reality check
"If BlackBerry was hoping to spark a bidding war with such stealth outreach, it’s looking like it may be out of luck. With so little interest in an outside bid for the company entire, the idea of selling it off BlackBerry for parts could fast become its most attractive option.
Unless, of course, Fairfax manages to rally investor interest in its consortium bid and put together the financing it needs to pull it off. With BlackBerry’s stock trading well below Fairfax’s $9-a-share offer these days that might prove difficult.
As Bernstein Research analyst Pierre Ferragu said a few weeks back, “We believe the Fairfax initiative is unlikely to come to fruition and see the next valuation floor for the stock at $5.”"
Will it be Buyout or Breakup for BlackBerry? - John Paczkowski - News - AllThingsD
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