BlackBerry Buyout Offer Raises Array of Questions - NYTimes.com

More grim BlackBerry details

"Just as unclear is how a buyout would be financed. Fairfax did not say how much cash it was prepared to put toward the deal, or how much debt it might expect BlackBerry to take on in a buyout. BlackBerry is largely debt-free and had about $2.6 billion in cash at the end of the last quarter, leaving just a couple of billion dollars needed to conceivably strike an acquisition.
[...]
Brian Colello, an analyst with Morningstar, said that other buyers, if there are any, were unlikely to be interested in BlackBerry’s phone business.
“There is no value for the BlackBerry 10 ecosystem,” he said. “The value of this company is cash and patents.”

BlackBerry Buyout Offer Raises Array of Questions - NYTimes.com